Noon Update for Gold 03-12-2020



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The price of gold is trying to break through the 1838.10 level, so the uptrend scenario remains valid and effective for today, supported by the move above the 50 EMA, waiting for more rise to visit 1850.00 and then 1870.00 as the next major stations, with a reminder that the expected rise is affected by the previously completed positive pattern, while it represents Consolidation above 1818.00 is an important condition for the continuation of the suggested uptrend.

Today’s expected trading range is between 1818.00 support and 1855.00 resistance

The general trend expected for today: bullish



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