Midday update for Gold 14-11-2017
Economies.com
2017-11-14 10:55AM UTC
Gold price shows clear negative trading now, in its way to our waited main target at 1263.15, keeping the bearish trend scenario active for the rest of the day, being aware that breaking the mentioned level will extend gold losses to reach 1240.85 as a next main station.
Holding below 1281.17 is important for the continuation of the expected decline, supported by the EMA50 and stochastic negativity.
Expected trading range for today is between 1263.00 support and 1281.00 resistance.
Expected trend for today: Bearish
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