Gold faces the moving average – Analysis - 28-06-2017
Economies.com
2017-06-28 03:24AM UTC
Gold price settles below the key resistance 1254.56, as the EMA50 formed good resistance barrier against the price positive attempts, which keeps our bearish overview valid until now, which targets testing 38.2% Fibonacci correction at 1229.32.
We should note that breaching 1254.56 level will stop the expected decline and push the price to regain its main bullish track again, which its targets begin at 1295.37.
Expected trading range for today is between 1229.00 support and 1260.00 resistance.
Expected trend for today: Bearish
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