Midday update for Gold 09-08-2018
Economies.com
2018-08-09 09:19AM UTC
Gold price begins to rebound bearishly after testing the EMA50 this morning, supported by the negative overlapping signal provided now by stochastic, which supports the continuation of our bearish trend expectations on the intraday and short term basis, which its targets begin at 1204.50 and extend to 1180.55, reminding you that the continuation of the expected decline depends on holding below 1220.00.
Expected trading range for today is between 1195.00 support and 1225.00 resistance.
Expected trend for today: Bearish
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