Gold price presses on the channel’s support – Analysis - 20-07-2018
Economies.com
2018-07-20 02:00AM UTC
Gold price keeps pressing negatively on the bearish channel’s support line that appears on the chart, and the price falls under continuous negative pressure that comes by the EMA50, which supports the continuation of our bearish overview in the upcoming sessions, which its next target located at 1204.80.
We should note that breaching 1243.00 will stop the suggested decline and lead the price to attempt to regain the main bullish trend again.
Expected trading range for today is between 1205.00 support and 1240.00 resistance.
Expected trend for today: Bearish
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