Gold loses the positive momentum – Analysis - 19/09/2014
Economies.com
2014-09-19 05:10AM UTC
Gold price keeps its stability below 1236.00 level, while stochastic loses its bullish momentum to reach the overbought area, which supports the continuation of the intraday bearish trend expectations, waiting to visit 1200.00 and 1187.00 areas.
The EMA50 continues to push negatively on the intraday trading, while we should note that the suggested bearish bias depends on holding below 1236.00 and 1246.50 levels.
Expected trading range for today is between: 1200.00 support and 1236.00 resistance.
Expected trend for today: Bearish
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