Gold awaits the motive – Analysis - 30/07/2015

Gold price continues to move within tight track, and the EMA50 keeps pushing negatively on the price, which keeps the chances valid to resume the bearish trend in the upcoming period, which its next main target located at 1055.00.

Stochastic current positivity might push the price for more sideways moves, but in general, the expected bearish trend will remain valid and active unless breaching 1142.60 level and holding above it.

Expected trading range for today is between 1060.00 support and 1110.00 resistance.

Expected trend for today: Bearish