Gold retests – Analysis - 16/09/2014
Economies.com
2014-09-16 05:21AM UTC
Gold price continues to fluctuate around 1236.00 level, while stochastic loses its positivity to show negative signals now that supports the short term bearish trend, waiting to head towards 1200.00 barrier mainly.
The EMA50 continues to push negatively on the current trading, and we remind you that breaching 1236.00 level will push the price to visit 1276.00 levels before any new attempt to decline.
Expected trading range for today is between: 1210.00 support and 1250.00 resistance.
Expected trend for today: Bearish
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