Gold price awaits the confirmation – Analysis - 21-05-2019

Gold price could not manage to break 1275.30 level, to remain stuck between the mentioned support and 1285.00 resistance, which represent the next trend keys, as the price needs to breach one of these levels to detect its next targets clearly.

We remind you that breaking the mentioned support will push the price for more bearish correction to visit 1253.20 as a next main station, while breaching the resistance will motivate the price to achieve gains that start at 1302.60 followed by 1320.00 on the near term basis.

The expected trading range for today is between 1265.00 support and 1290.00 resistance.

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