Gold price needs strong negative motive – Analysis - 07-09-2018
Economies.com
2018-09-07 03:38AM UTC
Gold price returns to fluctuate around the EMA50, and the price still within the minor bearish channel, keeping its stability below the key resistance 1208.40, which keeps the bearish trend scenario active until now, which its first target located at 1180.00.
We remind you that breaking the mentioned level will push the price towards 1160.00 as a next station, while breaching 1208.40 will lead the price to start correctional bullish wave that its first main target located at 1238.31.
Expected trading range for today is between 1180.00 support and 1210.00 resistance.
Expected trend for today: Bearish
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