Commodities

Midday update for Gold 15-02-2019

2019-02-15 10:54:54 GMT (Economies.com)

Gold price continues to fluctuate near 1316.65 level and still below it, while stochastic moves inside the overbought areas, waiting to motivate the price to resume the bearish trend, and the price needs to surpass the EMA50 to confirm heading towards our main waited target at 1286.70.

 

The expected trading range for today is between 1286.00 support and 1325.00 resistance.

 

The expected trend for today: Bearish

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