Midday update for Gold 24-04-2019
Economies.com
2019-04-24 09:43AM UTC
Gold price shows slight positive trades now to approach testing 1275.30 level, which represents the first protecting factor to the correctional bearish scenario besides the most important resistance 1282.20, noticing that stochastic loses its positive momentuim to approach the overbought areas, which supports the chances of bouncing bearishly in the upcoming sessions.
Therefore, we will keep our bearish overview for today conditioned by the price stability below the above mentioned levels, reminding you that our main waited targets begin at 1253.20 and extend to 1231.10.
The expected trading range for today is between 1253.20 support and 1282.00 resistance.
The expected trend for today: Bearish
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