Midday update for Gold 19-08-2019

Gold price faces an extra negative pressure to attack 1503.24, which requires being aware from the upcoming trading, where the continuation of the bearish bias and breaking 1483.60 level will stop the suggested positive scenario in our last reports and pushes the price to achieve more of the upside moves on the intraday basis, while the price needs to settle above 1503.24, to keep the main bullish trend active for today, reminding you that our main targets begin at 1535.00 and extend to 1560.00 after breaching the previous level.

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

The expected trend for today: Bullish