End of day analysis for Gold 28-02-2020

Gold price trades with a strong negativity to break 1635.20 level then to achieve the expected negative target at 1601.20, and surpassing it will make the price break the intraday bullish channel’s support and sttles below it, in its way to achieve more of the downside moves in the upcoming period, targeting visiting 1547.50 as a next main station, pointing that breaching 1601.20 will lead the price to regain the main bullish trend.