Midday update for Gold 09-08-2019

2019-08-09 10:58:49 GMT (Economies.com)
Midday update for Gold 09-08-2019
 

Gold price shows some bearish bias after testing the recently recorded top at 1510.00, and it might retest 1495.00 level before resuming the rise again.

 

In general, we will continue to suggest the main bullish trend supported by the EMA50, reminding you that the next main target reaches 1526.85, while breaking 1484.40 will stop the positive scenario and press on the price to start bearish correction on the intraday basis.

 

The expected trading range for today is between 1495.00 support and 1525.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1098
0.0001
0.0045%
1.2126
-0.0028
0.2271%
17.003
-0.102
0.595%
55.559
0.759
1.386%
59.23
0.59
1.01%
1502.215
-10.050
0.665%
 
 
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