Midday update for Gold 16-05-2018
Economies.com
2018-05-16 09:28AM UTC
Gold price provided some slight positive trading this morning and returns to decline now, to keep the bearish trend active for today, depending on the price stability below 1301.20 level, reminding you that we are waiting to test 1285.90 level as a next main station, which breaking it represents negative factor that will push the price towards 1267.70 as a next correctional target.
Expected trading range for today is between 1280.00 support and 1305.00 resistance.
Expected trend for today: Bearish
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