Midday update for Gold 24/10/2014
Economies.com
2014-10-24 10:59AM UTC
Gold price keeps its stability below 1240.50, therefore, the bearish trend scenario still valid for today, supported by the EMA50, and we are waiting a visit to 1200.00 level initially.
Breaching 1240.50 level and holding above it will reactivate the positive scenario that targets 1300.00 areas mainly.
Expected trading range for today is between: 1200.00 support and 1244.00 resistance.
Expected trend for today: Bearish
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