Midday update for Gold 08-05-2017
Economies.com
2017-05-08 10:20AM UTC
Gold price did not show any strong move since morning, to continue fluctuating around 1229.00 level, thus, no change on the bearish trend scenario that depends on holding below 1244.00 and 1250.00 levels, waiting to target 1208.92 level as a next main station.
Note that breaking the targeted level will extend gold price losses to reach 1188.50 direct.
Expected trading range for today is between 1215.00 support and 1240.00 resistance.
Expected trend for today: Bearish
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