Gold price did not show any strong movement yesterday, to continue fluctuating around 1785.00, therefore, there is no change in the bullish trend scenario that depends on stability above 1770.00, supported by the positive signs provided by the stochastic indicator now, reminding you that our expected targets start at 1797.00 …
The dollar against the yen pair faced temporary negative pressure yesterday, to test the pivotal support 114.10 and maintain its stability above it, as it starts providing positive trades now, noting that the stochastic indicator provides a positive crossover signal on the four-hour time frame, waiting to stimulate the price …
Gold price continues to rise gradually to approach our awaited target at 1797.00, and obtains continuous support from the EMA50, noting that breaching this level will extend the bullish wave to reach 1825.15 as a next positive station.
The current negativity of the stochastic indicator may cause some temporary sideways …
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