Gold price loses momentum – Analysis - 14-11-2018
Economies.com
2018-11-14 05:03AM UTC
Gold price continues to fluctuate around the correctional bullish channel’s support line, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, waiting to motivate the price to rebound bearishly to resume the recently suggested bearish trend, which is affected by the previously completed double top pattern.
Our next target is located at 1180.00, while achieving it conditions holding below 1208.40 and 1212.00 levels.
Expected trading range for today is between 1180.00 support and 1212.00 resistance.
Expected trend for today: Bearish
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