Gold price is stable – Analysis - 25-09-2018
Economies.com
2018-09-25 03:53AM UTC
Gold price settles below the intraday bullish channel, and the price falls under the negative pressure formed by the EMA50, while stochastic begins to provide negative overlapping signals now.
Therefore, these factors support the chances of resuming the bearish trend in the upcoming sessions, as the price needs to break 1190.00 level to confirm rallying towards 1180.00 followed by 1160.00 as next main stations, reminding you that holding below 1208.40 represents key condition to continue the expected decline.
Expected trading range for today is between 1180.00 support and 1208.00 resistance.
Expected trend for today: Bearish
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