The gold price traded upwards yesterday and has settled near 1,350.00 levels now, supported by the EMA 50. To see if the price keeps the bullish trend in the upcoming sessions, we are waiting for the test of the previously recorded top at 1,365.97 as the next station. We remind you that a breach of the mentioned level will extend the gold price gains to 1,400.00 as the next main target, while the expected rise will remain valid unless breaking and holding below 1,335.40 levels. The expected trading range for today is between the 1,340.00 support and the 1,365.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
The gold price traded upwards yesterday and has settled near 1,350.00 levels now, supported by the EMA 50. To see if the price keeps the bullish trend in the upcoming sessions, we are waiting for the test of the previously recorded top at 1,365.97 as the next station. We remind you that a breach of the mentioned level will extend the gold price gains to 1,400.00 as the next main target, while the expected rise will remain valid unless breaking and holding below 1,335.40 levels. The expected trading range for today is between the 1,340.00 support and the 1,365.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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