Gold within tight track – Analysis - 29/07/2015
Economies.com
2015-07-29 04:14AM UTC
The tight range still dominating Gold price trading, which still moving below 1100.00, while the EMA50 continues to push negatively on the intraday and short term trading, which keeps the bearish trend expectations valid until now, reminding you that our next target is located at 1055.00.
Stochastic loses its positive momentum gradually approaching the oversold areas to support the suggested decline, noting that holding below 1142.60 represents key condition to continue the negative overview.
Expected trading range for today is between 1060.00 support and 1110.00 resistance.
Expected trend for today: Bearish
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