Midday update for Gold 01-08-2019
Economies.com
2019-08-01 10:03AM UTC
Gold price settles below 1410.90 level, making the chances valid to achieve more expected decline in the upcoming sessions, as the price completed forming double ton pattern that its signs appear on the chart, to suggest the bearish bias for the rest of the day, targeting 1384.95 level as a next main station, noting that breaching 1410.90 and trading above it again will stop the negative scenario and push the price to rise again.
The expected trading range for today is between 1390.00 support and 1435.00 resistance.
The expected trend for today: Bearish
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