Midday update for Gold 17-09-2020

Gold price approached the key support 1934.86, and begins bouncing bullishly from there, getting positive signal by stochastic that supports the chances of achieving more rise in the upcoming sessions, to keep the bullish trend scenario valid and active for today, and the price needs to surpass the EMA50 to ease the mission of heading towards our first positive target at 1967.90, which breaching it represents the key to rally towards 2008.80, reminding you that it is important to hold above 1934.86 to continue the expected rise.

The expected trading range for today is between 1930.00 support and 1980.00 resistance.

The expected trend for today: Overall Bullish