Midday update for Gold 05-03-2019
Economies.com
2019-03-05 10:52AM UTC
Gold price resumes its negative trading to crawl towards our main waited target at 1275.30, to keep the bearish trend scenario active for the rest of the day, supported by the negative pressure formed by the EMA50, reminding you that holding below 1302.60 is important to continue the suggested decline, while breaking 1275.30 represents the key to rally towards 1253.20 as a next main target.
The expected trading range for today is between 1275.00 support and 1300.00 resistance.
The expected trend for today: Bearish
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