Gold crawls downwards – Analysis - 31/07/2015
Economies.com
2015-07-31 04:54AM UTC
Gold price settles around 1085.00 level, and the EMA50 continues to push negatively on the intraday and short term trading, which keeps the bearish bias valid and suggested for the upcoming period, which its next main target located at 1050.00.
We remind you that breaching 1105.00 level will stop the current decline and push the price to achieve intraday gains that its targets begin at 1142.60 and might extend to 1180.00 before any new attempt to regain the bearish trend.
Expected trading range for today is between 1060.00 support and 1100.00 resistance.
Expected trend for today: Bearish
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