Midday update for Gold 08-08-2018
Economies.com
2018-08-08 09:44AM UTC
Gold price fluctuates within tight track since morning and keeps its stability below 1220.00, while the EMA50 keeps pressing negatively on the price, thus, we will keep our bearish overview for today unless breaching the mentioned level and holding with a daily close above it, noting that we are waiting to target 1204.50 followed by 1180.55 levels as next main stations.
Expected trading range for today is between 1195.00 support and 1220.00 resistance.
Expected trend for today: Bearish
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