Gold price begins positively – Analysis – 01-09-2020

Gold price opens today’s trading with new rise to move away from 1967.90, which supports the continuation of our bullish overview efficiently in the upcoming sessions, and the way is open to head towards our next target at 2008.80, noting that surpassing this level will push the price to visit the recently recorded top at 2074.87.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, noting that breaking 1967.90 will press on the price to visit 1934.86 before turning back to rise again.

The expected trading range for today is between 1960.00 support and 2010.00 resistance.

The expected trend for today: Bullish