Midday update for Gold 30/07/2015
Economies.com
2015-07-30 10:28AM UTC
Gold price traded with clear negativity this morning to move near 1.085.00 now, reinforcing the expectations for the bearish trend expectations in the upcoming sessions, waiting for testing 1055.00 level as a next main station.
The EMA50 keeps supporting the expected bearish wave’s support, being aware that breaching 1105.00 level will provide positive motive that pushes the price to test the critical resistance at 1124.60 directly we remind you that holding below the last level represents an important condition for the continuation of the bearish bias on the intraday basis.
Expected trading range for today is between 1060.00 support and 1110.00 resistance.
Expected trend for today: Bearish
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