Midday update for Gold 21-05-2018
Economies.com
2018-05-21 10:06AM UTC
Gold price price pushes negatively on 1285.90 level to break it and attempts to hold below it now, which supports the continuation of our bearish overview efficiently for the upcoming period, motivated by the negative signal provided by stochastic now, reminding you that our next target is located at 1267.00.
The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 1301.20.
Expected trading range for today is between 1270.00 support and 1305.00 resistance.
Expected trend for today: Bearish
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