Gold within bearish track – Analysis - 29-05-2018
Economies.com
2018-05-29 01:18AM UTC
Gold price settles below 1301.20 level, to keep the bearish bias suggested in the upcoming period, as the price is organized inside the bearish channel that appears on the chart, which organizes the correctional bearish wave.
Therefore, we are waiting for more decline today unless we witnessed clear breach and hold above 1301.20 – 1303.80 levels.
Expected trading range for today is between 1280.00 support and 1307.00 resistance.
Expected trend for today: Bearish
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