Gold price shows bearish rebound signals – Analysis - 05-12-2018
Economies.com
2018-12-05 05:17AM UTC
Gold price could not manage to close the daily candlestick above 1238.30 level, starting today with bearish bias to continue moving below this level, witnessing bearish rebound signals that make us suggest trading negatively in the upcoming sessions, targeting visiting 1208.40 areas mainly.
Therefore, the bearish bias will be expected for today unless the price managed to breach 1238.30 level and hold with a daily close above it.
Expected trading range for today is between 1215.00 support and 1245.00 resistance.
Expected trend for today: Bearish
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