Gold hovers around the key areas – Analysis - 17/09/2014
Economies.com
2014-09-17 05:05AM UTC
Gold price fluctuates around 1236.00 level, noticing that the daily candlestick was achieved below this level, which supports the continuation of the intraday bearish trend overview, which targets visiting 1200.00 barrier mainly.
The EMA50 continues to support the suggested bearish wave, noting that breaching 1236.00 followed by 1248.00 levels will push the price to retest the most important level at 1277.00.
Expected trading range for today is between: 1210.00 support and 1250.00 resistance.
Expected trend for today: Bearish
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