Update: Gold price faces negative pressure

2020-08-07 16:53:30 GMT (Economies.com)
 

Gold price faces negative pressure to break 2048.00 level and reaches the thresholds of the bullish channel’s support line that appears on the chart, which urges caution from the upcoming trading, as continuing the decline and breaking 2015.00 will push the price to achieve more decline and start correctional bearish wave on the intraday basis, while the consolidation of the mentioned level against the current decline will lead the price to rise again and head towards 2083.00 as a first positive target.

 
 
 
  Symbol Last Change Chg.%
1.1857
-0.0021
0.1793%
1.2950
0.0051
0.3958%
Tadawul
8364.61
6.65
0.08%
26.912
-0.100
0.370%
40.782
3.722
10.043%
43.15
-0.26
0.60%
1951.670
-2.555
0.131%
 
 
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