Gold price completes the positive pattern – Analysis - 09-08-2019

2019-08-09 04:36:39 GMT (Economies.com)
Gold price completes the positive pattern – Analysis - 09-08-2019
 

Gold price managed to breach the bullish flag’s resistance mentioned yesterday to activate the positive effect of this pattern, which supports the continuation of our bullish overview efficiently in the upcoming period, and the way is open to achieve our next target at 1526.85.

 

Therefore, we are waiting for more rise today supported by the EMA50, conditioned by the price stability above 1484.40.

 

The expected trading range for today is between 1495.00 support and 1525.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1103
0.0005
0.0451%
1.2123
-0.0031
0.2571%
16.986
-0.118
0.690%
55.535
0.735
1.341%
59.30
0.66
1.13%
1501.200
-11.065
0.732%
 
 
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