Gold price begins positively – Analysis - 13-08-2020
Economies.com
2020-08-13 04:40AM UTC
Gold price ended yesterday below 1934.68 that formed solid resistance against the price attempts to rise, but we notice that the price started today with clear rise to attack this level and attempts to hold above it, which supports the continuation of the expected positive scenario for the upcoming period, which targets 1967.90 followed by 2008.80 levels as next main stations.
Therefore, we are waiting for more rise today, noting that failing to confirm breaching 1934.68 will put the price under the negative pressure again to head towards testing 1901.80 followed by 1860.90 areas initially.
The expected trading range for today is between 1900.00 support and 1980.00 resistance.
The expected trend for today: Bullish
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