Midday update for Gold 05/03/2015
Economies.com
2015-03-05 12:22PM UTC
Gold price keeps its stability below 1205.00 level and tests the psychological barrier at 1200.00 now, which keeps our bearish trend expectations valid efficiently for today, supported by the EMA50 accompanied by the negative overlapping signal that comes from stochastic now.
Our main waited target located at 1181.00, and holding below 1205.00 level is conditioned for achieving it.
Expected trading range for today is between: 1181.00 support and 1220.00 resistance.
Expected trend for today: Bearish
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