Midday update for Gold 15-11-2018
Economies.com
2018-11-15 10:49AM UTC
Gold price keeps its stability below 1212.00 level, to keep the bearish trend scenario valid until now, supported by stochastic and the EMA50 negativity, waiting to break 1208.40 followed by 1200.00 levels to ease the mission of heading towards our main expected target at 1180.00, noting that breaching 1212.00 will lead the price to achieve gains that reach 1238.30 on the near term basis.
Expected trading range for today is between 1190.00 support and 1220.00 resistance.
Expected trend for today: Bearish
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