Midday update for Gold 18-09-2017
Economies.com
2017-09-18 09:52AM UTC
Gold price crawls downwards gradually to move away from 1321.49 level, to supporting the continuation of the correctional bearish trend scenario that its next main target located at 1299.20.
Therefore, the bearish bias will remain suggested for the rest of the day unless breaching 1328.80 and holding above it, noting that the EMA50 keeps supporting the suggested bearish wave.
Expected trading range for today is between 1299.20 support and 1328.80 resistance.
Expected trend for today: Bearish
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