Gold price breaches the resistance – Analysis - 21-08-2019
Economies.com
2019-08-21 04:53AM UTC
Gold price ended yesterday’s trading above 1503.24 level, to reactivate the main bullish trend scenario again, noting that the price begins today with bearish bias to test the mentioned level, while the EMA50 forms good intraday support against the price.
Therefore, we believe that the chances are valid to provide positive trades in the upcoming sessions, and the waited targets begin at 1535.00 followed by 1560.00, noting that breaking 1503.24 will press on the price to test 1483.60 before any new attempt to rise.
The expected trading range for today is between 1490.00 support and 1520.00 resistance.
The expected trend for today: Bullish
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