Midday update for Gold 07-11-2019
Economies.com
2019-11-07 10:26AM UTC
Gold price resumes its negative trades to move below 1489.00 level, which supports the continuation of our bearish overview efficiently for the rest of the day, supported by the negative signal provided by stochastic now, waiting to visit 1447.00 level that represents our next main target, noting that it is important to hold below 1489.00 to continue the expected decline.
The expected trading range for today is between 1470.00 support and 1500.00 resistance.
The expected trend for today: Bearish
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