Gold price presses the support – Analysis - 13-06-2018
Economies.com
2018-06-13 00:47AM UTC
Gold price fluctuates at the bearish pennant’s support line that appears on the chart, and we still waiting to break this level to get a negative motive that supports the chances of continuing the bearish trend, reminding you that our waited targets begin at 1285.90 and extend to 1267.00 after breaking the previous level.
The EMA50 forms negative pressure to support the expected decline, which will remain active unless we witnessed a clear breach hold above 1301.20.
Expected trading range for today is between 1275.00 support and 1310.00 resistance.
Expected trend for today: Bearish
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