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Technical analysis: Gold hits first target

by Joy

On June 28, analysts at Economies have the latest opinion today: the price of gold hit and stabilized at our first expected target of 1913.15, affected by the continued negative pressure of EMA50, it has a chance to break through this level and open up for the next bearish target The road, reaching 1873.50, will continue the bearish trend, it is worth noting that if the price consolidates below the current resistance level of 1913.15, it will cause the gold price to start trying to resume the rally, with the goal of testing 1929.00, and may even attempt any new decline Previously extended to 1945.20.

Today’s expected trading range is between 1895.00 support and 1930.00 resistance.

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