Midday update for Gold 22-05-2018
Economies.com
2018-05-22 11:14AM UTC
Gold price price tests the sideways range resistance that dominates the recent trades as appears on the chart, noticing that stochastic and the EMA50 continue to provide the negative signals, to keep the our bearish overview that depends on holding below 1301.20, noting that breaking 12185.90 will confirm opening the way to head towards 1267.00.
Expected trading range for today is between 1270.00 support and 1305.00 resistance.
Expected trend for today: Bearish
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