Midday update for Gold 14-05-2021

2021-05-14 10:56:06 GMT (Economies.com)
 

Gold price rallied upwards strongly to breach 1828.00 level and reach 1838.00, which stops the morning suggested negative scenario and lead the price to regain the main bullish trend again, targeting heading towards 1865.00 areas as a next main station.

 

Therefore, the bullish bias will be expected for the rest of the day, supported by moving above the EMA50, noting that breaking 1828.00 will reactivate the intraday bearish trend again.

 

The expected trading range for today is between 1820.00 support and 1850.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1931
0.0029
0.2420%
1.3919
0.0025
0.1771%
Tadawul
10919.68
6.62
0.06%
25.930
-0.059
0.225%
73.540
1.714
2.386%
75.56
0.32
0.43%
1774.590
-3.800
0.214%
 
 
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