Midday update for Gold 01-07-2019
Economies.com
2019-07-01 10:12AM UTC
Gold price shows more bearish bias to approach the bullish channel’s support line, and the negative effect of the double top pattern still active, waiting to test 1376.30 level as a first main station, reminding you that breaking this level will push the price towards 1357.00 as a next correctional target, while the negative scenario will remain valid unless breaching 1400.00 level and holding above it again.
The expected trading range for today is between 1376.00 support and 1400.00 resistance.
The expected trend for today: Bearish
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