Gold price under the negative pressure – Analysis - 14-10-2019

2019-10-14 04:47:34 GMT (Economies.com)
 

Gold price attempted to break 1485.00 level, but it couldn’t close the daily candlestick belowi it, to remain confined between the confirmation trend levels that are represented y the mentioned support that declines now to 1515.00, therefore, we stay aside until the price succeed to confirm breaching one of these levels.

 

Reminding you that breaking the mentioned support will put the price underan extra negative correctional pressure that its next targets reach to 1447.00 then 1413.10, while breaching the resistance will lead the price to regain the main bullish trend, and its targets begin by testing 1555.00 level.

 

The expected trading range for today is between 1470.00 support and 1505.00 resistance.

 

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1084
0.0022
0.2025%
1.3142
0.0005
0.0419%
Tadawul
8130.78
64.36
0.80%
16.680
0.107
0.649%
58.935
-0.175
0.296%
63.92
-0.43
0.67%
1466.490
6.645
0.455%
 
 
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