Midday update for Gold 24-09-2018
Economies.com
2018-09-24 09:43AM UTC
Gold price shows sideways and tight range trading since morning, settled below the EMA50, keeping the negative pressure valid for today, depending on the stability below 1208.40 level, reminding you that we are waiting for breaking 1190.00 level, to motivate the price to achieve our waited targets that begin at 1180.00 and extend to 1160.00, being aware that breaching 1208.40 will stop the suggested decline and leads the price to achieve gains that reach to 1238.31 on the near term basis.
Expected trading range for today is between 1180.00 support and 1208.00 resistance.
Expected trend for today: Bearish
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