Gold under the pressure of the moving average – Analysis - 01/07/2015
Economies.com
2015-07-01 00:07AM UTC
Gold price keeps its stability below 1181.00 level, which keeps the negative pressure valid until now, reinforced by the EMA50, waiting to resume the bearish wave that targets 1142.60 level mainly.
Stochastic current positivity might cause some sideways fluctuation before turning back to decline, noting that breaching 1181.00 followed by 1189.00 levels will stop the current bearish bias and push the price to achieve gains that mainly begin at 1225.00.
Expected trading range for today is between 1150.00 support and 1190.00 resistance.
Expected trend for today: Bearish
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