Gold price begins positively – Analysis - 27-02-2020

2020-02-27 05:42:51 GMT (Economies.com)
 

Gold price begins today’s trading positively after consolidating above 1635.20, to approach testing 1655.90 barrier, getting positive support by the EMA50 and stochastic, to reinforce the chances of breaching the last level followed by opening the way to head towards our next target that reaches 1720.00.

 

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, reminding you that it is important to hold above 1635.20 to achieve the waited targets.

 

The expected trading range for today is between 1635.00 support and 1670.00 resistance.

 

The expected trend for today: Overall Bullish

 
 
 
  Symbol Last Change Chg.%
1.1299
-0.0032
0.2793%
1.2620
0.0113
0.9039%
Tadawul
7416.67
22.41
0.30%
18.706
0.359
1.957%
40.585
0.350
0.870%
43.25
0.90
2.13%
1798.720
12.735
0.713%
 
 
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