End of day analysis for Gold 19-06-2018

Gold price continues to decline to reach the thresholds of the waited target at 1267.00, motivated by the negative signal provided by stochastic, to support the chances of extending the bearish wave on the short term basis, being aware that it is important to monitor the price behavior when reaching the mentioned level, as breaking it will extend Gold price losses to reach 1250.00 followed by 1236.40, while the bearish trend will remain valid unless breaching 1285.90 and holding above it.