Gold price retests – Analysis - 19-06-2018
Economies.com
2018-06-19 03:38AM UTC
Gold price provides calm positive trading to approach retesting 1285.90 level now, accompanied by stochastic losing the bullish momentum, which supports the chances of bouncing bearishly to resume the expected bearish trend for the upcoming period, organized inside the bearish channel that appears on the chart.
Therefore, we are waiting for negative trading in the upcoming sessions, and the next target is located at 1267.00, while breaching 1285.90 represents the first positive key to attempt to regain the main bullish trend.
Expected trading range for today is between 1267.00 support and 1295.00 resistance.
Expected trend for today: Bearish
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