Midday update for Gold 21-05-2019
Economies.com
2019-05-21 09:20AM UTC
Gold price returns to press on the key support 1275.30 in attempt to break it, which hints the price head to resume the correctional bearish track that its next target located at 1253.20, but we need to confirm the break with a daily close below the mentioned support to activate the negative scenario.
Therefore, we will continue with our neutrality until the price confirms breaking 1275.30 support or breaching 1285.00 resistance.
The expected trading range for today is between 1265.00 support and 1290.00 resistance.
The expected trend for today: Depends on the above mentioned levels
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