Midday update for Gold 25/11/2015
Economies.com
2015-11-25 11:22AM UTC
Gold price shows bearish after testing the EMA50, supported by stochastic negativity, to support resuming the overall bearish trend that organizes within the bearish channel that appears in the image, waiting for testing 1050.00 level initially.
Breaking the mentioned support will extend the bearish wave to reach 1000.00, while the suggested bearish bias will remain valid unless breaching 1101.00 level and holding above it.
Expected trading range for today is between 1050.00 support and 1100.00 resistance.
Expected trend for today: Bearish
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