Gold price begins bearish correction – Analysis - 14-08-2019

2019-08-14 05:11:32 GMT (Economies.com)
 

The 38.2% Fibonacci correction level managed to stop the strong decline that Gold price witnessed yesterday, to start the attempts to surpass the resistance barrier located at 1503.25, noticing that stochastic shows positive signals that we are waiting to motivate the price to achieve the required breach followed by resuming the main bullish trend.

 

Therefore, we will keep our bullish overview conditioned by the price stability above 1483.60, reminding yout hat our next main target is located at 1560.00.

 

The expected trading range for today is between 1485.00 support and 1530.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1080
0.0018
0.1609%
1.3114
-0.0023
0.1777%
Tadawul
8130.06
63.64
0.79%
16.631
0.059
0.355%
58.851
-0.259
0.438%
63.98
-0.36
0.56%
1463.995
4.150
0.284%
 
 
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