Gold price approaches the target – Analysis - 12-07-2018
Economies.com
2018-07-12 03:51AM UTC
Gold price showed more negative trades on yesterday’s evening to approach our waited target at 1236.41, falling under continuous negative pressure that comes by the EMA50, reinforcing the chances of continuing the decline and break the mentioned level to open the way to extend Gold price losses to reach 1204.00 on the short term basis.
Therefore, the bearish trend will remain suggested in the upcoming sessions unless the price managed to breach 1267.00 level and hold with a daily close above it.
Expected trading range for today is between 1230.00 support and 1255.00 resistance.
Expected trend for today: Bearish
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