Gold price gets a negative signal – Analysis - 12-09-2019
Economies.com
2019-09-12 05:12AM UTC
Gold price retests the previously broken support line that appears on the chart and keeps its stability below it, accompanied by witnessing negative signal through stochastic, waiting to motivate the price to resume the bearish bias in the upcoming sessions, noting that our next target is located at 1480.00, which breaking it represents the key to extend the bearish wave to reach 1450.00.
Note that breaching 1498.00 will stop the expected decline and push the price to resume the main bullish trend again.
The expected trading range for today is between 1477.00 support and 1500.00 resistance.
The expected trend for today: Bearish
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