Midday update for Gold 07-01-2019
Economies.com
2019-01-07 10:32AM UTC
Gold price keeps its stability above 1286.70 level, and stochastic continues to provide positive signals, while the EMA50 keeps carrying the price from below.
Therefore, we will keep our bearish trend expectations, conditioned by holding above 1286.70 and 1276.00 level, reminding you that our next main target at 1316.65.
Expected trading range for today is between 1280.00 support and 1316.00 resistance.
Expected trend for today: Bullish
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