Midday update for Gold 27-03-2020
Economies.com
2020-03-27 10:54AM UTC
Gold price did not show any strong move since morning, to fluctuate around 1620.00, while stochastic begins the attempts to get rid of the negative momentum, waiting to get positive motive that assists to push the price to resume the bullish wave that its next main target reaches 1689.30.
In general, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 1599.10 and holding below it.
The expected trading range for today is between 1610.00 support and 1660.00 resistance.
The expected trend for today: Bullish
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