Midday update for Gold 14-08-2020
Economies.com
2020-08-14 09:25AM UTC
Gold price shows some bearish bias to test the key support base 1934.68, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario active for today, which its targets begin by breaching 1967.90 to confirm extending the bullish wave towards 2008.80.
On the other hand, we remind you that breaking 1934.68 will press on the price to decline again and achieve negative targets that start at 1901.80 and extend to 1860.90.
The expected trading range for today is between 1920.00 support and 1990.00 resistance.
The expected trend for today: Bullish
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