Gold price confirms the break – Analysis - 18-07-2018
Economies.com
2018-07-18 04:06AM UTC
Gold price succeeded to confirm breaking 1236.41 level after closing the daily candlestick below it, reinforcing the expectations of achieving more decline in the upcoming sessions, waiting to head towards our next target at 1204.80.
The EMA50 keeps pressing negatively on the price to support the negative overview, as the price is organized inside the bearish channel that appears on the chart, noting that breaching 1243.00 might push the price to test 1270.00 areas before any new attempt to decline.
Expected trading range for today is between 1210.00 support and 1240.00 resistance.
Expected trend for today: Bearish
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