Midday update for Gold 08-01-2019
Economies.com
2019-01-08 10:04AM UTC
Gold price settles below 1286.70 level, and we still waiting to break 1276.70 level to activate the negative effect of the double top pattern followed by pushing the price to continue declining in the upcoming sessions, as we suggest the domination of the bearish trend on the intraday basis as long as 1295.00 level remains intact, reminding you that our main waited target is located at 1262.50.
Expected trading range for today is between 1265.00 support and 1295.00 resistance.
Expected trend for today: Bearish
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