Midday update for Gold 22-09-2017
Economies.com
2017-09-22 10:40AM UTC
Gold price retested 1299.20 level and rebounds bearishly from there, to support the continuation of the expected bearish trend scenario for today, reinforced by stochastic approach from the overbought areas, waiting to visit 1281.17 level mainly.
The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding above 1299.20.
Expected trading range for today is between 1281.17 support and 1310.00 resistance.
Expected trend for today: Bearish
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