Midday update for Gold 20-07-2018
Economies.com
2018-07-20 11:39AM UTC
Gold price hovers near the bearish channel support that appears in the above chart, and the price might witness more of the sideways fluctuation until stochastic gets rid of its positive momentum and gets negative momentum that motivates the price to resume the main bearish trend.
In general, we will keep preferring the bearish trend for today unless breaching 1243.00 level and holding above it, reminding you that our main waited target at 1204.80
Expected trading range for today is between 1205.00 support and 1240.00 resistance.
Expected trend for today: Bearish
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