Gold price attemps to breach – Analysis - 14-02-2020

2020-02-14 05:57:55 GMT (Economies.com)
 

Gold price continues to fluctuate around 1575.90 level, and we still waiting to breach this level to confirm extending the bullish wave on the intraday and short term basis, as our next target is located at 1611.20.

 

Stochastic current negativity interprets the reasons of the difficulty of achieving the required breach, waiting to get enough positive momentum to push the price to surpass 1575.90 and continue the expected rise, reminding you that the continuation of the bullish wave requires holding above 1554.10.

 

The expected trading range for today is between 1560.00 support and 1595.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1744
0.0073
0.6238%
1.2893
0.0025
0.1943%
Tadawul
8295.05
-23.00
0.28%
23.827
0.471
2.017%
38.571
-1.719
4.267%
40.89
-1.41
3.33%
1906.045
33.350
1.781%
 
 
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