Gold price begins to decline – Analysis - 23-08-2018
Economies.com
2018-08-23 04:21AM UTC
Gold price opens today’s trading with bearish bias after the bearish channel’s resistance proved its strength against the price’s recent positive rally, which supports the continuation of our bearish overview on the intraday and short term basis, which its main targets begin at 1182.00 followed by 1173.00.
Therefore, we will continue to suggest the bearish bias in the upcoming sessions, noting that breaching 1196.00 will stop the expected decline and lead the price to start recovery attempts on the short term basis.
Expected trading range for today is between 1173.00 support and 1200.00 resistance.
Expected trend for today: Bearish
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