Midday update for Gold 20-08-2019

Economies.com
2019-08-20 09:41AM UTC

Gold price trades positively now to test 1503.24 level, which requires being aware from the upcoming trading, where the continuation of the bullish bias and breaching this level will stop the suggested temporary negative scenario for today and returns the price to the main bullish track, while we wait for a temporary decline to test 1483.60 level before it returns to resume the bullish trend.

 

The expected trading range for today is between 1480.00 support and 1505.00 resistance.

 

The expected trend for today: Bearish temporarily

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