Forex
Gold price tests the resistance – Analysis - 13-02-2019
2019-02-13 05:20:23 GMT
(Economies.com)
Gold price tests the intraday bearish channel’s resistance, and the price needs to hold below 1316.65 to keep the bearish trend scenario active for the upcoming period, which targets 1300.00 followed by 1286.70 levels mainly.
We should note that breaching the mentioned bearish channel might activate a bullish flag pattern that has the ability to turn the intraday track to rise, to start the positive targets at 1342.00 and extend to 1365.05.
The expected trading range for today is between 1286.00 support and 1320.00 resistance.
The expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1046
|
-0.0048
|
0.4340%
|
|
|
|
|
1.3128
|
0.0127
|
0.9799%
|
|
|
|
Tadawul
|
8386.35
|
-41.86
|
0.50%
|
|
|
|
|
17.817
|
-0.204
|
1.135%
|
|
|
|
|
55.830
|
-2.947
|
5.015%
|
|
|
|
|
62.28
|
0.24
|
0.39%
|
|
|
|
|
1561.170
|
4.255
|
0.273%
|
|
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