Midday update for Gold 05/10/2015
Economies.com
2015-10-05 11:04AM UTC
Gold price shows some slight negative trading affected by stochastic negativity, which we wait to motivate the price to resume the main bearish wave after testing the bearish channel’s resistance level that appears in the image, therefore, we keep preferring the bearish trend that its main targets begin at 1103.00, reminding you that holding below 1137.00 level represents an important condition for the continuation of the suggested decline.
Expected trading range for today is between 1115.00 support and 1150.00 resistance.
Expected trend for today: Bearish
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