Midday update for Gold 30/01/2015
Economies.com
2015-01-30 11:49AM UTC
Gold price is testing the first key resistance at 1263.50, showing some slight bearish bias now that supports continuing the bearish trend expectations for today, which is supported by the EMA50, waiting to target 1235.00 level mainly.
Breaching 1263.50 then 1272.20 will stop the negative scenario and push the price to rise again.
Expected trading range for today is between: 1235.00 support and 1276.00 resistance.
Expected trend for today: Bearish
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