The gold price keeps trading positively and moving away from the intraday bullish trend line, supported by the EMA50 that carries the price from below. The price is likely to hit 1,375.00 levels that represent the next main station, a break of which is the key to bullish wave extension to 1,400.00 followed by 1,440.00. We remind you that holding above 1,343.50 levels will help the price rise for the rest of the day as a breach of it will push the price to the key levels located between 1,312.00 and 1,297.75 before any new attempt to rise. The expected trading range for today is between the 1,330.00 support and the 1,375.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The gold price keeps trading positively and moving away from the intraday bullish trend line, supported by the EMA50 that carries the price from below. The price is likely to hit 1,375.00 levels that represent the next main station, a break of which is the key to bullish wave extension to 1,400.00 followed by 1,440.00. We remind you that holding above 1,343.50 levels will help the price rise for the rest of the day as a breach of it will push the price to the key levels located between 1,312.00 and 1,297.75 before any new attempt to rise. The expected trading range for today is between the 1,330.00 support and the 1,375.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: