Gold price gets a negative signal – Analysis - 11-09-2018
Economies.com
2018-09-11 04:16AM UTC
Gold price shows more sideways and tight trading, noticing that stochastic begins to overlap negatively now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which moves inside the bearish channel that appears on the chart, as our first target is located at 1180.00.
Breaking the mentioned level will push the price towards 1160.00 direct, while breaching 1208.40 will stop the suggested decline and lead the price to achieve gains that reach 1238.30 on the near term basis.
Expected trading range for today is between 1175.00 support and 1210.00 resistance.
Expected trend for today: Bearish
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