Midday update for Gold 27-09-2018
Economies.com
2018-09-27 09:38AM UTC
Gold price is confined between the EMA50 and the support line that we are waiting to break at 1190.00, while stochastic loses its positive momentum gradually, to support the chances of resuming the bearish trend in the upcoming sessions, which targets 1180.00 followed by 1160.00 levels mainly, reminding you that the continuation of the expected decline depends on holding below 1208.40.
Expected trading range for today is between 1180.00 support and 1208.00 resistance.
Expected trend for today: Bearish
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