Gold price confirms the break – Analysis - 18-06-2018
Economies.com
2018-06-18 05:07AM UTC
Gold price ended last week with strong negativity, settling below 1285.90 level, which puts the price under more expected negative pressure in the upcoming period, targeting heading towards 1267.00 as a next main station.
Therefore, the bearish trend will be suggested for today, supported by the EMA50 that pushes negatively on the price, noting that breaching 1285.90 will stop the current negative pressure and lead th price to start recovery attempts on the intraday basis.
Expected trading range for today is between 1267.00 support and 1290.00 resistance.
Expected trend for today: Bearish
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