Gold price confirms the breach – Analysis - 17-02-2020
Economies.com
2020-02-17 05:40AM UTC
Gold price ended last week above 1575.90 level, to confirm breaching this level and opens the way to head towards the previously recorded top at 1611.20 as a next positive station.
Therefore, the bullish trend scenario will remain active for the upcoming period supported by the EMA50, noting that breaking 1575.90 and holding below it might press on the price to visit 1554.10 areas again before any new attempt to rise.
The expected trading range for today is between 1570.00 support and 1600.00 resistance.
The expected trend for today: Bullish
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