Midday update for Gold 30/11/2015
Economies.com
2015-11-30 11:30AM UTC
Gold price shows sideways and tight trading since morning settling near 1050.00 level, while the bearish trend scenario valid as long as the price is below 1100.00, waiting to break 1050.00 level to confirm opening the way to head towards 1000.00.
The EMA50 supports the suggested decline, while the price might show some temporary sideways fluctuation affected by stochastic positivity before resuming the expected bearish trend.
Expected trading range for today is between 1030.00 support and 1070.00 resistance.
Expected trend for today: Bearish
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