Midday update for Gold 07-03-2019
Economies.com
2019-03-07 10:55AM UTC
Gold price attempted to break the bearish pennant’s support line mentioned this morning but without managing to confirm the break, waiting for more decline in the upcoming sessions to test 1275.30 level that represents our next main target, to keep our bearish overview for today conditioned by the price stability below 1302.60, noting that surpassing the mentioned target will extend the bearish wave to reach 1253.20.
The expected trading range for today is between 1270.00 support and 1300.00 resistance.
The expected trend for today: Bearish
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