Gold loses the momentum – Analysis - 06/07/2015
Economies.com
2015-07-05 23:09PM UTC
Gold price tests the EMA50 that forms intraday resistance barrier now at 1172.00, noticing that stochastic is losing its positive to enter the overbought areas, thus, the negative scenario still valid until now, which mainly depends on holding below 1181.00.
We remind you with our main waited target which is located at 1142.60.
Expected trading range for today is between 1140.00 support and 1185.00 resistance.
Expected trend for today: Bearish
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