XAUUSD
The price of gold starts trading today with an additional bullish tendency to surpass the level of 1967.90 and try to move away from it, which supports the continuation of the expected bullish trend scenario in the intraday and short term, which targets visiting the 2013 level as a next station.
Consequently, the bullish trend will remain dominant in the upcoming sessions, supported by the EMA50, noting that the breach of 1967.90 and stability below it may put the price under temporary negative pressure that targets testing 1934.86 areas before any new attempt to rise.
Consequently, the bullish trend will remain dominant in the upcoming sessions, supported by the EMA50, noting that the breach of 1967.90 and stability below it may put the price under temporary negative pressure that targets testing 1934.86 areas before any new attempt to rise.
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