End of day analysis for Gold 09-08-2018

Gold price shows sideways and tight trades and continues to fluctuate near the EMA50, waiting to activate the negative signal provided now by stochastic to motivate the price to resume the expected bearish trend for the upcoming period, reminding you that our main targets begin at 1204.50 and extend to 1180.55, while holding below 1220.00 represents key condition to achieve the suggested targets.