Midday update for Gold 30/06/2015
Economies.com
2015-06-30 10:43AM UTC
Gold price trades with calm negativity since morning moving away from 1181.00 level, the EMA50 keeps pushing negatively on the intraday trading, to keep the bearish trend expectations valid for the rest of the day, pointing that breaking 1168.50 level will form strong negative factor that supports the chances of heading towards our main target that located at 1142.60.
We remind you that holding below 1181.00 and 1186.60 represents main condition for the continuation of the expected decline.
Expected trading range for today is between 1160.00 support and 1200.00 resistance.
Expected trend for today: Bearish
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