Gold price leans on the support – Analysis - 16-09-2020
Economies.com
2020-09-16 03:44AM UTC
Gold price touched the intraday bullish channel’s support line and begins rising now, supported by the EMA50 that meets the mentioned support, while stochastic begins overlapping positively now.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its targets begin by breaching 1967.90 to open the way to head towards 2008.80 as a next main station, noting that breaking 1952.30 will push the price to test 1934.86 areas again before any new positive attempt.
The expected trading range for today is between 1945.00 support and 1985.00 resistance.
The expected trend for today: Bullish
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