Gold price hovers around the 1825.15 level, facing strong resistance there. We wait for the negative momentum that appears on the stochastic indicator to pass. This will help the price obtain a positive stimulus that will contribute to pushing it up, breaching the mentioned level and then heading towards our …
The pound sterling against the dollar surged yesterday and breached the 1.3530 level; now it is heading towards more rise in the intraday term and is about to test the 23.6% Fibonacci retracement level. Breaching this level will extend the bullish wave to aim directly at 1.3730.
Therefore, the bullish …
Gold price continues to rally bullishly, to approach the expected positive target at 1825.15. It might also surpass this level to open the way for additional gains that reach 1860.00.
The moving average of 50 supports the price from below, therefore, a bullish trend is likely for the upcoming period, …
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