Gold price breaches the resistance – Analysis - 15-09-2021

2021-09-15 04:15:01 GMT (Economies.com)
 

Gold price breached 1797.00 level clearly and ended yesterday above it, which leads the price to turn to rise and achieve expected gains on the intraday basis, on its way to visit 1825.15 initially.

 

Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1797.00 will stop the expected rise and press on the price to decline again.

 

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1609
-0.0002
0.0198%
1.3756
0.0017
0.1216%
Tadawul
11855.87
9.94
0.08%
24.424
1.111
4.766%
84.808
1.462
1.754%
86.28
0.73
0.85%
1801.810
32.070
1.812%
 
 
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