Midday update for Gold 31/10/2014
Economies.com
2014-10-31 10:56AM UTC
Gold price continued its negative trading strongly to break 1187.00 level as we mentioned in our last technical update, opening the way for suffering more losses in the upcoming period, and the next target at 1155.00.
The EMA50 supports the suggested decline, which remains valid unless breaching 1200.00 then 1240.50 levels.
Expected trading range for today is between: 1155.00 support and 1200.00 resistance.
Expected trend for today: Bearish
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