Gold price surpasses the first positive target – Analysis - 26-08-2019
Economies.com
2019-08-26 05:13AM UTC
Gold price opened today’s trading with bullish gap to settle above 1535.00 level, and approached our secnd waited target at 1560.00, which hints the price head to continue rising on the intraday and short term basis, noting that surpassing the last level will extend the bullish wave to reach 1617.00 as a next main station.
Therefore, the bullish trend will expected in the upcoming sessions, noting that breaking 1535.00 and holding below it might press on the price to visit 1503.24 areas again before any new attempt to rise.
The expected trading range for today is between 1530.00 support and 1560.00 resistance.
The expected trend for today: Bullish
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