Midday update for Gold 29-09-2020

Gold price tested 1877.00 level that turns into key support after breaching it previously and keeps its stability above it until now, to keep the bullish trend scenario active for today, which targets 1901.00 as a first main station, reminding you that it is important to hold above 1877.00 to continue the expected rise, as breaking it will press on the price to decline towards 1860.90 and starts attempts to break it to open the way to extend the bearish wave on the short term and medium term basis.

The expected trading range for today is between 1855.00 support and 1911.00 resistance.

The expected trend for today: Bullish