Gold price resumes rising – Analysis - 15-08-2019

2019-08-15 03:47:37 GMT (Economies.com)
 

Gold price traded with strong positivity yesterday to settle above 1520.00 barrier now, reinforcing the expectations of achieving more gains in the upcoming period, waiting to visit 1560.00 level that represents our next main target.

 

The EMA50 continues to support the expected bullish wave, taking into consideration that breaking 1483.60 will stop the expected rise and press on the price to achieve more bearish correction.

 

The expected trading range for today is between 1510.00 support and 1545.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1120
0.0058
0.5266%
1.3333
0.0196
1.4885%
Tadawul
8005.77
-127.95
1.57%
16.940
0.368
2.221%
59.797
0.686
1.161%
64.95
0.75
1.17%
1475.445
15.600
1.069%
 
 
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