Gold completes the bearish pattern – Analysis - 30/01/2015
Economies.com
2015-01-30 05:38AM UTC
Gold price declined strongly yesterday to complete forming a double top pattern appears on the above chart, which opens the way for intraday negative trading, as the full target of this pattern is located at 1235.00.
The EMA50 forms negative factor that supports the suggested decline, which will remain valid unless the price managed to breach 1263.50 followed by 1272.00 levels and hold above them.
Expected trading range for today is between: 1235.00 support and 1276.00 resistance.
Expected trend for today: Bearish
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