Commodities

Midday update for Gold 13-08-2019

2019-08-13 09:08:40 GMT (Economies.com)

Gold price succeeded to touch our waited target at 1526.85 and shows more bullish bias that supports the expectations of continuing the bullish trend in the upcoming period, and we believe that the way is open to achieve our next target at 1560.00, to continue suggesting the bullish trend that moves organized inside the bullish channel that appears on the chart, reminding you that it is important to hold above 1497.00 to achieve the suggested targets.

 

The expected trading range for today is between 1500.00 support and 1530.00 resistance.

 

The expected trend for today: Bullish

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