Midday update for Gold 06/03/2015
Economies.com
2015-03-06 11:18AM UTC
Gold price trades with a slight bearish bias in attempt to move away from 1205.00 level, to keep the bearish trend scenario active for today, and our next main target at 1181.00.
Note that breaking the targeted level will extend gold losses to reach 1142.60 areas, while the suggested decline will remain valid unless breaching 1205.00 and holding above it.
Expected trading range for today is between: 1181.00 support and 1220.00 resistance.
Expected trend for today: Bearish
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