Midday update for Gold 23-08-2019
Economies.com
2019-08-23 10:18AM UTC
The tight range controls Gold price trading since morning, as long as the price is below 1503.24, so the bearish scenario will remain valid for today, waiting for visiting 1483.60 level before it attempts to resume the main bullish trend, reminding you that breaching the initial level will stop the expected negative pressure and leads the price to rise again.
The expected trading range for today is between 1483.60 support and 1510.00 resistance.
The expected trend for today: Bearish temporarily
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