Gold price resumes the rise – Analysis - 09-04-2021
Gold price provided clear positive trades yesterday to settle above 1750.00, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our waited positive target at 1765.00.
The EMA50 continues to support the price from below, to keep the bullish trend valid and active for the upcoming period, noting that surpassing the targeted level will extend the bullish wave to reach 1800.00 as a next station, while holding above 1731.00 represents initial condition to continue the suggested rise.
The expected trading range for today is between 1735.00 support and 1770.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
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