Gold price reaches the first target – Analysis - 24-08-2018
Economies.com
2018-08-24 04:21AM UTC
Gold price continued its negative crawling to reach our first waited target at 1182.00, and the price falls under continuous negative pressue that comes by the EMA50, to support the chances of continuing the decline inside the bearish channel that appears on the chart, waiting to surpass the mentioned level to open the way to visit 1173.00 level as a next station.
Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 1195.00.
Expected trading range for today is between 1170.00 support and 1195.00 resistance.
Expected trend for today: Bearish
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