Gold price loses momentum – Analysis - 22-06-2018
Economies.com
2018-06-22 03:44AM UTC
Gold price hovers around 1267.00 level, noticing that stochastic loses its positive momentum to reach the overbought areas, which forms negative factor that we are waiting to push the price to decline again, to keep the bearish trend suggested in the upcoming sessions, waiting to target 1250.00 followed by 1236.40 levels mainly.
The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 1285.90.
Expected trading range for today is between 1250.00 support and 1275.00 resistance.
Expected trend for today: Bearish
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