Midday update for Gold 16/09/2014
Economies.com
2014-09-16 10:54AM UTC
Gold price shows positive attempts since morning to be trading above 1236.00 level now, being aware that a daily close above this level might push the price to visit 1276.00 areas mainly.
Stochastic keeps moving near the overbought areas, and the EMA50 continues its negative pressure, which encourages us to keep our bearish expectations for the rest of today.
Expected trading range for today is between: 1210.00 support and 1250.00 resistance.
Expected trend for today: Bearish
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