Gold price approaches the first target – Analysis - 14-02-2019
Economies.com
2019-02-14 05:07AM UTC
Gold price returns to settle within the intraday bearish channel and below the EMA50, reinforcing the expectations of continuing the expected bearish trend on the intraday basis, as the price approaches our first waited target now at 1300.00, noting that surpassing this level will push the price towards 1286.70 direct.
Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 1316.65.
The expected trading range for today is between 1286.00 support and 1320.00 resistance.
The expected trend for today: Bearish
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