Commodities

Gold price within the bearish channels – Analysis - 10-08-2018

2018-08-10 03:39:21 GMT (Economies.com)

Gold price continues to fluctuate within tight track, settling below the EMA50, and it keeps moving inside the intraday bearish channel that appears on the chart, thus, the bearish trend scenario will remain valid as it is without any change for today, depending on the price stability below 1220.00, noting that the waited targets begin at 1204.50 followed by 1180.55.

 

Expected trading range for today is between 1195.00 support and 1225.00 resistance.

 

Expected trend for today: Bearish

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