Gold price keeps its negative stability – Analysis - 14-09-2018

Gold price settles below 1208.40 level, to keep the negative pressure suggested until now, and the price needs to surpass the EMA50 to confirm the continuation of the bearish bias in the upcoming sessions, as our next target is located at 1180.00.

Stochastic current positivity might cause some temporary sideways fluctuation before resuming the suggested decline, taking into consideration that breaching 1208.40 will push the price to achieve intraday gains that start at 1220.00 and extend to 1238.30.

Expected trading range for today is between 1180.00 support and 1215.00 resistance.

Expected trend for today: Bearish