Gold price under the negative pressure – Analysis - 17-09-2020
Economies.com
2020-09-17 03:43AM UTC
Gold price found difficulty to surpass 1967.90 level that formed solid resistance against the bullish wave, to rebound downwards strongly and heads towards potential test to the key support 1934.86, which urges caution from the upcoming trading, as continuing the negative pressure and breaking this level will lead the price to suffer more losses and turn to decline.
Until now, the overall positive scenario still valid conditioned by the price stability above 1934.86, reminding you that breaching 1967.90 is required to confirm opening the way to head towards 2008.80.
The expected trading range for today is between 1930.00 support and 1980.00 resistance.
The expected trend for today: Overall Bullish
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