Gold price gets the positive momentum – Analysis - 12-08-2019

2019-08-12 05:16:48 GMT (Economies.com)
 

Gold price shows some slight bearish bias to fluctuate around 1495.00 level now, noticing that stochastic shows oversold signals now, waiting to motivate the price to resume the main bullish trend, which its targets begin by breaching 1510.00 to confirm rallying towards our main waited target at 1526.85.

 

Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 1484.40, as breaking it will press on the price to start correctional bearish wave that targets testing 1468.40 areas initially.

 

The expected trading range for today is between 1484.40 support and 1525.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1063
0.0001
0.0104%
1.3144
0.0007
0.0567%
Tadawul
8120.01
21.27
0.26%
16.598
0.026
0.158%
58.855
-0.255
0.431%
64.25
-0.14
0.22%
1460.860
1.015
0.070%
 
 
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