Gold below the moving average – Analysis - 30/09/2014
Economies.com
2014-09-30 05:02AM UTC
Gold price settles below the EMA50, as the price shows sideways trading recently, and as long as 1236.00 level still forms solid resistance against the positive attempts, the bearish trend scenario will remain valid and active for today, while our main targets are represented by testing 1200.00 and 1187.00 areas.
We remind you that breaking the targeted support will open the way to extend the bearish wave towards 1156.00 areas.
Expected trading range for today is between: 1187.00 support and 1236.00 resistance.
Expected trend for today: Bearish
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