Gold price awaits the confirmation signal – Analysis - 26-05-2020

Gold price still stuck between the key levels represented by 1725.90 support and the resistance that declines now to 1742.00, thus, our neutrality will remain valid until the price confirms breaching one of these levels to detect its next targets clearly.

We remind you that breaking the mentioned support will put the price under negative pressure that targets testing 1691.10 mainly, while breaching the resistance will form positive motive that supports the chances of turning back to the main bullish track that its next main target located at 1810.00.

The expected trading range for today is between 1705.00 support and 1750.00 resistance.

The expected trend for today: Depends on the above mentioned levels