Midday update for Gold 23-08-2018
Economies.com
2018-08-23 09:41AM UTC
Gold price keeps declining and attempts to confirm the stability below 1190.00 barrier, keeping the bearish trend scenario active for today, supported by moving below the EMA50, waiting for targeting 1182.00 then 1173.00 levels as next main stations, pointing that the bearish channel that keeps organizing the main bearish wave, and its continuation conditioned by holdng below 1196.00 level.
Expected trading range for today is between 1173.00 support and 1200.00 resistance.
Expected trend for today: Bearish
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