Midday update for Gold 26-02-2020
Economies.com
2020-02-26 10:54AM UTC
Gold price resumes its positive trades to start testing 1655.90 level, and as we mentioned this morning, breaching this level is required to confirm the continuation of the expected bullish wave for the upcoming period, which its next main target located at 1720.00.
Therefore, we will keep our bullish overview for today conditioned by the price stability above 1635.20, noting that the EMA50 and stochastic provide positive signals that support the expected rise.
The expected trading range for today is between 1630.00 support and 1665.00 resistance.
The expected trend for today: Overall Bullish
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