End of day analysis for Gold 04-05-2017
Economies.com
2017-05-04 20:04PM UTC
Gold price continued to decline to move away from the previously broken support of the bullish channel that appears on chart, and the price falls under continuous negative pressure provided by the EMA50, which supports the expectations of continuing the bearish trend in the upcoming period, reminding you that our next main target is located at 1211.31, while achieving it conditions holding below 1243.00 and 1250.00 levels.
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