Gold price still stuck – Analysis - 27-09-2019

Gold price provided sideways and tight trades yesterday, to remain stuck between the trend confirmation levels represented by 1485.00 support and the resistance line that rises now to 1513.00, thus, we will continue with our neutrality until the price confirms breaching one of the mentioned levels followed by detecting its next detination clearly.

We remind you that breaching the mentioned resistance will push the price to resume the main bullish trend that targets 1555.00 as a next main station, while breaking the support will activate the negative effect of negative pattern that will press on the price to achieve negative targets that start at 1447.00 followed by 1413.00.

The expected trading range for today is between 1490.00 support and 1525.00 resistance.

The expected trend for today: Neutral