Midday update for Gold 10-08-2018

Gold price provides negative trading now in attempt to move away from 1220.00 level, to keep the bearish trend active for the rest of the day, which gets continuous support by the EMA50, which targets 1204.50 followed by 1180.55 levels as next main stations, while breaching 1220.00 represents positive factor that will push the price to test 1236.20 areas initially before any new attempt to decline.

Expected trading range for today is between 1195.00 support and 1225.00 resistance.

Expected trend for today: Bearish