Midday update for Gold 06-09-2018
Economies.com
2018-09-06 09:16AM UTC
Gold price tests the minor bearish channel’s resistance line, and stochastic continues to move at the overbought areas, and as long as the price is below 1208.40, our bearish overview will remain active, targeting visiting 1180.00 level as a first station, reminding you that breaching 1208.40 will stop the expected decline and lead the price to start recovery attempts on the intraday and short term basis.
Expected trading range for today is between 1180.00 support and 1210.00 resistance.
Expected trend for today: Bearish
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