Gold price awaits the decline – Analysis - 12-09-2018
Economies.com
2018-09-12 04:18AM UTC
Gold price keeps its stability within the bearish channel that appears on the chart, as the EMA50 protects trading inside this channel, while stochastic begins to provide negative overlapping signals now.
Therefore, these factors reinforce the expectations of continuing the bearish trend in the upcoming sessions, which its main targets begin at 1180.00 and extend to 1160.00, taking into consideration that breaching 1208.40 will lead the price to achieve gains that start at 1220.00 followed by 1238.30.
Expected trading range for today is between 1175.00 support and 1210.00 resistance.
Expected trend for today: Bearish
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