Gold price shows slight negative trading since yesterday, confined within the intraday bearish channel that we believe it forms bullish flag pattern, which means that breaching 1505.00 will provide positive motive that supports the expectations of continuing the bullish trend on the intraday and short term basis, as our next target is located at 1526.85 and 1555/60 level.
Any positive news trade war or $ then Gold expecting to break support 1485 and bearish trend start towards 1450. The expected trading range for today is between 1484.00 support and 1525.00 resistance.
Support Levels:
S-1 = 1495
S-2= 1485
S-3= 1475
Resistance Level:
R-1 =1508
R-2 =1525
R-3= 1555
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Any positive news trade war or $ then Gold expecting to break support 1485 and bearish trend start towards 1450. The expected trading range for today is between 1484.00 support and 1525.00 resistance.
Support Levels:
S-1 = 1495
S-2= 1485
S-3= 1475
Resistance Level:
R-1 =1508
R-2 =1525
R-3= 1555
http://prntscr.com/optuae
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.