Midday update for Gold 12-07-2018
Economies.com
2018-07-12 09:05AM UTC
Gold price shows sideways trading since morning, settling around 1245.00 level, while the EMA50 keeps pressing negatively on the price.
In general, we will continue to suggest the bearish trend for today conditioned by the price stability below 1267.00, reminding you that our next main target is located at 1236.41.
Expected trading range for today is between 1230.00 support and 1255.00 resistance.
Expected trend for today: Bearish
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