Midday update for Gold 13-08-2018
Economies.com
2018-08-13 10:00AM UTC
Gold price surpasses 1204.50 level and moves below it now, which supports the continuation of our bearish overview efficiently for the rest of the day, supported by the negative pressure formed by the EMA50, and the way is open to achieve our next target at 1180.55.
The bearish channel continues to organized the suggested bearish wave, which its continuation conditions holding below 1220.00.
Expected trading range for today is between 1190.00 support and 1220.00 resistance.
Expected trend for today: Bearish
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