Gold price begins with additional positivity – Analysis - 19-02-2024
Economies.com
2024-02-19 03:52AM UTC
Gold price opens today’s trading with clear rise to breach 2016.90 level and settles above it, to head towards stopping the bearish correction that dominates the recent trades and head to regain the main bullish trend again, on its way to test 2065.70 as a main positive target.
Therefore, the bullish bias will be suggested for today, and the price needs to consolidate above 2016.90 to guarantee the continuation of the bullish wave, as breaking it will put the price under the correctional bearish pressure again, to head towards visiting 1977.46 areas on the near-term basis.
The expected trading range for today is between 2010.00 support and 2040.00 resistance.
The expected trend for today: Bullish
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