Gold price rallied upwards to breach 1230.00 level and settles above it now, to activate the positive effect of the bullish pennant pattern, motivated by stochastic positivity, waiting to test 1238.30 level as a first station, reminding you that breaching this level will lead the price to head towards 1262.50 on the near term basis, while holding above 1220.00 represents the first condition to continue the expected rise.

Expected trading range for today is between 1210.00 support and 1240.00 resistance.

Expected trend for today: Bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1013	-0.0062	0.5598%
End of day analysis for the EURUSD 16-09-2019
	GBP/USD	1.2414	-0.0069	0.5495%

	Silver	17.864	0.413	2.365%

	Oil	62.010	7.117	12.964%
End of day analysis for Crude oil 16-09-2019
	Brent Oil	69.02	8.80	14.61%

	Gold	1499.560	10.580	0.711%
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.