Gold price faces an extra negative pressure to attack 1503.24, which requires being aware from the upcoming trading, where the continuation of the bearish bias and breaking 1483.60 level will stop the suggested positive scenario in our last reports and pushes the price to achieve more of the upside moves on the intraday basis, while the price needs to settle above 1503.24, to keep the main bullish trend active for today, reminding you that our main targets begin at 1535.00 and extend to 1560.00 after breaching the previous level.

The expected trading range for today is between 1500.00 support and 1530.00 resistance.

The expected trend for today: Bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1012	-0.0063	0.5720%
End of day analysis for the EURUSD 16-09-2019
	GBP/USD	1.2414	-0.0069	0.5495%

	Silver	17.854	0.403	2.307%

	Oil	61.960	7.066	12.873%
End of day analysis for Crude oil 16-09-2019
	Brent Oil	69.02	8.80	14.61%

	Gold	1499.590	10.610	0.713%
Midday update for Gold 16-09-2019

Live Forex Updates

Dollar rises on global economic concerns

2019-09-16 17:52:41 GMT

Loonies rises slightly despite oil jump

2019-09-16 15:43:16 GMT

Euro rises near 2-week high after Saudi oil attacks

2019-09-16 08:16:48 GMT

Dollar slips as focus shifts to US Fed meeting

2019-09-13 17:57:56 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.