Midday update for Gold 02/09/2014
Economies.com
2014-09-02 10:55AM UTC
Gold price resumed its negative trading approaching from the main waited target at 1270.00 and 1266.00 areas, which reinforce our suggested bearish trend expectations for today, supported by the EMA50 besides the bearish trend that appears by stochastic.
Therefore, we will prefer the bearish trend for the rest of today if the trading settled below 1290.00 level.
Expected trading range for today is between: 1266.00 support and 1300.00 resistance.
Expected trend for today: Bearish
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