Gold price awaits the breach – Analysis - 30-08-2018
Economies.com
2018-08-30 04:21AM UTC
Gold price tested the minor resistance 1208.40, and still organized inside the intraday bullish channel, noticing that the EMA50 protects trading inside this channel, waiting to breach the mentioned resistance to confirm extending the bullish wave towards 1225.00 followed by 1238.31 levels that represent our next main targets.
In general, we will keep our bullish overview for today conditioned by the price stability above 1200.00, as breaking this level will put the price under the negative pressure again, to target testing 1184.00 level initially.
Expected trading range for today is between 1195.00 support and 1225.00 resistance.
Expected trend for today: Bullish
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