Commodities

Midday update for Gold 15-04-2019

2019-04-15 10:00:39 GMT (Economies.com)

Gold price shows more bearish bias to approach the neckline of the triple top pattern that appears on the chart, to continue suggesting the bearish trend for the rest of the day, reminding you that our next main target is located at 1275.30, while the mentioned pattern will cause an extension to the beraihs wave to reach 1253.20 as a next station, while holding below 1302.60 and 1308.80 levles is important to continue the suggested decline.

 

The expected trading range for today is between 1275.00 support and 1300.00 resistance.

 

The expected trend for today: Bearish

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