Gold price breaches the resistance – Analysis - 13-08-2019

2019-08-13 05:08:59 GMT (Economies.com)
 

Gold price managed to confirm breaching 1510.00 level after ending yesterday’s trading above it, which supports the expectations of continuing the main bullish trend, noting that our next targets begin at 1526.85 and extend to 1560.00 after surpassing the previous level.

 

Therefore, we are waiting for more rise in the upcoming sessions conditioned by the price stability above 1497.00.

 

The expected trading range for today is between 1500.00 support and 1530.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1131
-0.0001
0.0099%
1.3353
0.0013
0.0968%
Tadawul
8049.50
43.73
0.55%
16.940
0.368
2.221%
59.797
0.686
1.161%
65.22
1.02
1.59%
1475.445
15.600
1.069%
 
 
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