Gold price resumes the decline – Analysis - 24-04-2019
Economies.com
2019-04-24 04:27AM UTC
Gold price provides more negative trades to move away from 1275.30 level, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, affected by the previously completed triple top pattern, which supports the chances of heading towards the next correctional targets that reach 1253.20 followed by 1231.10.
The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 1275.30 and 1282.00 levels.
The expected trading range for today is between 1253.20 support and 1282.00 resistance.
The expected trend for today: Bearish
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