Midday update for Gold 12-02-2019
Economies.com
2019-02-12 10:37AM UTC
Gold price tests the intraday bearish channel’s resistance, accompanied with stochastic reach to the thresholds of the overbought levels, as long as the price is belwo 1316.65, so our bearish trend expectations will remain active for today, waiting for resuming the decline that tragets 1299.00 then 1286.70 levels mainly.
The expected trading range for today is between 1286.00 support and 1320.00 resistance.
The expected trend for today: Bearish
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