Midday update for Gold 12-11-2019
Economies.com
2019-11-12 10:32AM UTC
Gold price shows sideways trading since morning and it remains near 1447.00, waiting for getting a negative motive that supports the chances for breaking this level to confirm the extension of the bearish correctional wave to 1413.10.
In general, we will keep our bearish trend expectations for today, supported by the EMA50, conditioned by the price stability below 1489.00 level.
The expected trading range for today is between 1440.00 support and 1465.00 resistance.
The expected trend for today: Bearish
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