Midday update for Gold 04/03/2015
Economies.com
2015-03-04 11:44AM UTC
Gold price shows bearish bias to move below 1205.00 level, which signals that the negative pressure might controls the upcoming trading, but the price needs to settle below the mentioned level to confirm the continuation of the bearish bias towards 1181.00 levels initially.
Until now, our neutral attitude remains valid until confirming surpassing one of the next trend keys represented by 1205.00 support and 1224.60 resistance.
Expected trading range for today is between: 1190.00 support and 1235.00 resistance.
Expected trend for today: Neutral
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