Midday update for Gold 20-06-2018
Economies.com
2018-06-20 09:54AM UTC
Gold price did not show any strong move since morning, to continue fluctuating around 1275.00 level, thus, no change to the bearish trend scenario that depends on holding below 1285.90, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 1267.00, which breaking it represents the key to extend the bearish wave to reach 1250.00 followed by 1236.40.
Expected trading range for today is between 1260.00 support and 1290.00 resistance.
Expected trend for today: Bearish
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