Gold price gets a negative signal – Analysis - 11-02-2019
Economies.com
2019-02-11 05:23AM UTC
Gold price begins to provide calm negative trades by today’s opening, motivated by the negative overlapping signal provided by stochastic now, waiting for more decline in the upcoming sessions, which its nexttargets located at 1297.00 followed by 1286.70.
Holding below 1316.65 is important to continue the suggested bearish bias, as breaching it will open the way to extend gold price gains to reach 1340.00 followed by 1365.05 on the near term basis.
The expected trading range for today is between 1286.00 support and 1320.00 resistance.
The expected trend for today: Bearish
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