Midday update for Gold 02/10/2015
Economies.com
2015-10-02 10:54AM UTC
Gold price traded with clear negativity this morning to reach the threshold of the first main waited target at 1103.00, reinforcing the expectations of the bearish trend continuation in the upcoming period, which its targets reach to 1082.60 after breaking the previous level.
The EMA50 keeps supporting the suggested bearish wave, which its continuation conditioned by holding below 1173.00.
Expected trading range for today is between 1085.00 support and 1130.00 resistance.
Expected trend for today: Bearish
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