Midday update for Gold 17-09-2018
Economies.com
2018-09-17 09:28AM UTC
Gold price shows sideways and tight trading since morning, settling below the EMA50, to keep the negative pressure valid until now, depending on the stability of the daily close below 1208.40 level, reminding you that breaking 1190.00 will complete forming negative pattern that reinforces the expectations of achieving our negative targets that begin at 1180.00 and extend to 1160.00.
Expected trading range for today is between 1175.00 support and 1208.00 resistance.
Expected trend for today: Bearish
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