Gold price begins negatively – Analysis - 27-02-2019
Economies.com
2019-02-27 05:21AM UTC
Gold price begins today’s trading with slight bearish bias in attempt to move away from 38.2% Fibonacci correction that forms good intraday resistance now at 1329.70, waiting to head towards our main waited target at 1319.26, reminding you that breaking this level will push the price towards 1312.00 direct.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 1336.20 level and holding above it.
The expected trading range for today is between 1310.00 support and 1340.00 resistance.
The expected trend for today: Bearish
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