Gold price loses momentum – Analysis - 25-02-2019
Economies.com
2019-02-25 05:14AM UTC
Gold price hovers around the EMA50, noticing that stochastic loses its positive momentum to enter the overbought areas, waiting to motivate the price to resume the correctional bearish wave, which targets testing 1319.26 level mainly.
Note that breaching 1336.20 and holding above it will stop the negative scenario and push the price to regain the main bullish track again.
The expected trading range for today is between 1310.00 support and 1340.00 resistance.
The expected trend for today: Bearish
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