Midday update for GBPUSD 13-12-2017
Economies.com
2017-12-13 10:32AM UTC
Gold price returns to push on the key support 1240.85 in attempt to break it, which supports the continuation of the expected bearish trend scenario efficiently for the upcoming period, supported by stochastic reach to the overbought areas, reminding you that confirming the break will push the price towards 1204.81 on the short term basis.
In general, the bearish trend will remain dominant in the upcoming sessions unless the price managed to breach 1263.15 level and hold with a daily close above it.
Expected trading range for today is between 1230.00 support and 1255.00 resistance.
Expected trend for today: Bearish
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