Commodities

Midday update for Gold 15-03-2019

2019-03-15 10:55:21 GMT (Economies.com)

Gold price continues to rise and begins attempts to breach 1302.60 level, motivated by stochastic positivity, and we still neutral to monitor the price behavior according to the mentioned level, as continuing the bullish bias and confirming the breach will reactivate the main bullish trend scenario that its next targets located at 1320.00 followed by 1346.70, while failing to breach will press on the price to decline towards 1275.30 as a first correctional station.

 

The expected trading range for today is between 1285.00 support and 1320.00 resistance.

 

The expected trend for today: Neutral

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