Gold price closed yesterday’s trading below 1270.00 level, which reactivates the expected bearish trend scenario on the intraday basis, which depends on the trading nature inside the price channels, waiting to break 1262.50 level to confirm rallying towards 1238.30 that represents the next main target of the suggested bearish wave.

We should note that confirming breaching 1270.00 will stop the suggested negative scenario and lead the price to head towards 1286.70 direct.

Expected trading range for today is between 1255.00 support and 1280.00 resistance.

Expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1039	0.0224	2.0680%
End of day analysis for the EURUSD 28-02-2020
	GBP/USD	1.2822	-0.0126	0.9724%

	Tadawul	7628.34	-82.78	1.07%

	Silver	16.614	-1.879	10.161%

	Oil	45.205	-8.128	15.240%
End of day analysis for Crude oil 28-02-2020
	Brent Oil	50.52	-1.66	3.18%

	Gold	1578.330	-65.315	3.974%
End of day analysis for Gold 28-02-2020

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