Gold price resumes the rise – Analysis - 13-07-2021
Gold price trades with clear positivity and settles above the intraday bullish channel’s support line, to keep the bullish trend valid on the intraday basis, supported by the EMA50 that continues to carry the price from below, waiting to test 1825.15 initially, noting that breaching this level will extend the bullish wave to reach 1860.00.
On the other hand, we should note that breaking 1797.00 will stop the expected rise and press on the price to decline again, to head towards 1770.00 as a first negative station.
The expected trading range for today is between 1795.00 support and 1830.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.