Midday update for Gold 25-02-2020

Gold price tested the critical support at 1635.20 and bounced higher from there in attempt to resume the main bullish trend, keeping the positive scenario active for today, supported by the positive signal that comes from stochastic now, and the price needs to breach 1655.90 to ease the mission of heading towards our next main target at 1720.00.

on the other hand, you should be aware that breaking 1635.20 will put the price under a negative pressure that targets 1601.70 level before any new positive attempt.

The expected trading range for today is between 1640.00 support and 1680.00 resistance.

The expected trend for today: Overall Bullish