Midday update for Gold 17-12-2018
Economies.com
2018-12-17 10:28AM UTC
Gold price fluctuates around 1238.30 level since morning, while stochastic keeps losing the positive momentum gradually, and the EMA50 meets the mentioned level to add more strength to this resistance.
Therefore, the bearish trend scenario will remain valid for today conditioned by the price stability below 1238.30, reminding you that our waited targets begin at 1215.00 followed by 1208.40.
Expected trading range for today is between 1215.00 support and 1250.00 resistance.
Expected trend for today: Bearish
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