Midday update for Gold 20-10-2017
Economies.com
2017-10-20 10:59AM UTC
Gold price begins to push on 12891.17 level to move below it now, which supports the continuation of our bearish overview in the upcoming sessions, supported by stochastic negativity that appears on the four hours' time frame, waiting for more decline for the rest of the day.
Our next target is represented by testing 1263.15 level, while the negative pressure will remain dominant today unless breaching 1299.20 level and holding with a daily close above it.
Expected trading range for today is between 1263.00 support and 1290.00 resistance.
Expected trend for today: Bearish
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