Midday update for Gold 04-09-2018
Economies.com
2018-09-04 09:26AM UTC
Gold price resumes its negative trading to approach the intraday bearish channel’s support line, reinforcing the expectations of continuing the bearish trend for today, supported by stochastic negativity, which targets 1180.00 level as a next station, noting that breaking this level will push the price towards 1160.00 direct, while holding below 1208.40 represents key condition to continue the expected decline.
Expected trading range for today is between 1180.00 support and 1210.00 resistance.
Expected trend for today: Bearish
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