Commodities

End of day analysis for Gold 13-08-2019

2019-08-13 19:36:39 GMT (Economies.com)

Gold price faced strong negative pressure to start bearish correction for the last rise, and it leaned on 38.2% Fibonacci correction level that formed solid support at 1483.60 to push the price to rise again, which keeps the chances valid to continue the overall bullish trend, which its next target located at 1560.00, while holding above 1483.60 represents key condition to continue the expected rise.

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