Midday update for Gold 28-02-2020

Gold price broke 1635.20 level and attempts to hold below it, to hint the price head to achieve more expected decline on the intraday basis, affected by the double top pattern that its signs appear on the chart, noitg that we will continue with our neutrality until the price confirms breaking the mentioned level by getting a daily close below it or breaching 1655.90 resistance followed by regaining the main bullish trend.

To review the details of the expected targets after the breach, please check our morning report.

The expected trading range for today is between 1625.00 support and 1660.00 resistance.

The expected trend for today: Neutral