Midday update for Gold 21-09-2017
Economies.com
2017-09-21 10:09AM UTC
Gold price broke 1299.20 level and keeps its stability below it, reinforcing the expectations of extending the correctional bearish wave to target 1281.17 areas in the upcoming sessions.
Therefore, we will continue to suggest the bearish trend for today supported by the EMA50, noting that breaching 1299.20 and holding above it will provide the first positive key to attempt to return to the main bullish trend again.
Expected trading range for today is between 1281.17 support and 1315.00 resistance.
Expected trend for today: Bearish
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