Gold gets a negative signal – Analysis - 14-11-2017
Economies.com
2017-11-14 04:19AM UTC
Gold price begins today's trading with slight bearish bias affected by the negative signal provided now by stochastic, and the EMA50 continues to form negative pressure against the intraday trading, thus, we believe that the chances are valid to continue the decline and visit our main waited target at 1263.15 in the upcoming sessions.
In general, we will continue to suggest the bearish trend unless breaching 1281.17 and holding above it, as breaching this level will push the price to achieve gains that start at 1299.20 and extend to 1321.50.
Expected trading range for today is between 1263.00 support and 1281.00 resistance.
Expected trend for today: Bearish
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