Midday update for Gold 14-12-2017
Economies.com
2017-12-14 10:46AM UTC
Gold price hovers around the EMA50 since morning, while stochastic shows clear overbought signals, to keep the expected bearish trend valid for the upcoming period, depending on the stability below 1263.15 level, waiting to test 1240.85 level initially, noting that breaking this level will extend Gold price losses to reach 1204.81 level as a next main station.
Expected trading range for today is between 1245.00 support and 1265.00 resistance.
Expected trend for today: Bearish
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