Midday update for Gold 19-09-2017
Economies.com
2017-09-19 09:50AM UTC
Gold price did not show any strong move since morning, to remin stable around 1307.00, thus, no change on the bearish trend scenario that depends on holding below 1324.00, supported by the negative pressure formed by the EMA50, reminding you that our waited target is located at 1299.20, which breaking it represents the key to extend the bearish wave towards 1281.17.
Expected trading range for today is between 1290.00 support and 1321.00 resistance.
Expected trend for today: Bearish
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