Midday update for Gold 12-08-2019
Economies.com
2019-08-12 10:40AM UTC
Gold price approached 1484.40 level and bounced upwards quickly to move above 1500.00 barrier, which keeps the bullish trend scenario valid for the rest of the day, supported by the positive signal provided by stochastic, which its next main target located at 1526.85, while holding above 1484.40 represents key condition to achieve it.
The expected trading range for today is between 1484.40 support and 1525.00 resistance.
The expected trend for today: Bullish
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