Midday update for Gold 12-06-2018
Economies.com
2018-06-12 08:42AM UTC
Gold price still within the bearish pennant that appears on the chart, and as long as the price is below 1301.20, our bearish overview will remain valid, waiting to break 1294.00 level to confirm heading towards our main targets that begin 1285.90 and extend to 1267.00 after breaking the previous level, reminding you that breaching 1301.20 will stop the suggested bearish bias and push the price to rise again.
Expected trading range for today is between 1280.00 support and 1310.00 resistance.
Expected trend for today: Bearish
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