Midday update for Gold 12-09-2017
Economies.com
2017-09-12 09:25AM UTC
Gold price shows some slight bullish bias now after approaching from 23.6% Fibonacci correction level, which urges caution from the upcoming trading, as this level stability against the negative attempts will push the price to return to the main bullish trend again.
Until now, the correctional bearish trend scenario will remain valid unless breaching 1348.00 level and holding above it.
Expected trading range for today is between 1300.00 support and 1335.00 resistance.
Expected trend for today: Bearish temporarily
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