Midday update for Gold 28/08/2015
Economies.com
2015-08-28 11:12AM UTC
Gold price provides negative trading now after bouncing lower from the EMA50, where stochastic begins to overlaps negatively on the four hours time frame, which keeps our bearish trend expectations efficiently for today, which target 1115.95 then 1100.00 levels mainly.
We remind you that holding below 1160.50 level represents main condition for the continuation of the suggested decline.
Expected trading range for today is between 1100.00 support and 1149.00 resistance.
Expected trend for today: Bearish
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