Midday update for gold
Gold price is hovering around 2016.95, and it faces continuous negative pressure from the EMA50, while the stochastic continues to lose positive momentum.
Therefore, chances are still available for the continuation of the bearish corrective trend, whose next target is located at 1977.25, recalling the importance of stability below 2016.95 and 2024.00 levels to achieve the expected targets.
The expected trading range for today is between the
support 1995.00
resistance 2025.00
The expected general tendency for today: is bearish.
Therefore, chances are still available for the continuation of the bearish corrective trend, whose next target is located at 1977.25, recalling the importance of stability below 2016.95 and 2024.00 levels to achieve the expected targets.
The expected trading range for today is between the
support 1995.00
resistance 2025.00
The expected general tendency for today: is bearish.
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