Gold covers the gap – Analysis - 30/06/2015
Economies.com
2015-06-29 23:47PM UTC
Gold price closed yesterday trading below 1181.00 level, which puts the price under the negative pressure again, supported by the EMA50, waiting for resuming the bearish bias that its main target located at 1142.60.
Therefore, the bearish trend will be preferred in the upcoming sessions unless breaching 1181.00 and 1186.60 level and holding above them.
Expected trading range for today is between 1160.00 support and 1200.00 resistance.
Expected trend for today: Bearish
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