Midday update for Gold 28-06-2017
Economies.com
2017-06-28 10:56AM UTC
Gold price fluctuates near 1254.56 level, keeping its stability below it, to keep the negative pressure valid until now, supported by stochastic move near the overbought areas, waiting to head to visit 1229.32 level mainly.
We remind you that the continuation of the expected decline depends on holding below 1254.56, as breaching it will lead the price to stop the correctional bearish pressure followed by turning back to the main bullish trend again.
Expected trading range for today is between 1229.00 support and 1260.00 resistance.
Expected trend for today: Bearish
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