Midday update for Gold 23-02-2018
Economies.com
2018-02-23 11:40AM UTC
Gold price shows sideways trading since morning, keeping its stability below 1335.40 level, which keeps the bearish trend scenario active for today, supported by the negative signals provided by stochastic and the EMA50, waiting to test 1316.48 level mainly, noting that breaching 1335.40 will lead the price to regain its main bullish track that its first main target located at 1365.97.
Expected trading range for today is between 1310.00 support and 1335.00 resistance.
Expected trend for today: Bearish
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