Gold price keeps declining – Analysis - 14-08-2018
Economies.com
2018-08-14 04:16AM UTC
Gold price broken the main bearish channel’s support line that appears on the chart, which supports the chances of continuing the bearish trned on the intraday and short term basis, and the way is open to visit our next waited target at 1180.55.
Therefore, we will continue to suggest the bearish bias in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that holding below 1204.00 and 1210.00 levels represents initial condition to continue the expected decline.
Expected trading range for today is between 1180.00 support and 1204.00 resistance.
Expected trend for today: Bearish
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