Midday update for Gold 25-04-2019
Economies.com
2019-04-25 09:51AM UTC
Gold price provides new positive attempts to approach testing 1282.00 again, while stochastic keeps providing the negative signals on the four hours’ time frame, waiting to resume the bearish bias in the upcoming sessions, supported by the EMA50, reminding you that our next target is located at 1253.20, while holding below 1282.00 represents key condition to continue the suggested decline.
The expected trading range for today is between 1253.20 support and 1290.00 resistance.
The expected trend for today: Bearish
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