Commodities

Midday update for Gold 20-03-2019

2019-03-20 10:32:12 GMT (Economies.com)

Gold price tested 1302.60 level and begins to rebound bullishly from there, and stochastic shows oversold signals now, waiting to motivate the price to provide more positive trades in the upcoming sessions, as our next target is located at 1320.00.

 

Therefore, we will keep our bullish overview for today unless breaking 1302.60 level and holding with a daily close below it.

 

The expected trading range for today is between 1295.00 support and 1320.00 resistance.

 

The expected trend for today: Bullish

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