Midday update for Gold 23-04-2018

Economies.com
2018-04-23 09:16AM UTC

Gold price shows more negative trading to attack 1331.00 level and moves below it now, which opens the way to continue the bearish bias for the rest of the day, activating the bearish trend scenario on the intraday basis, which targets testing 1316.48 level mainly.

 

Therefore, the bearish trend will remain expected for the upcoming sessions unless the price managed to breach 1335.40 level and hold above it again.

 

Expected trading range for today is between 1320.00 support and 1350.00 resistance.

 

Expected trend for today: Bearish

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