The gold price has not shown any strong moves since morning holding around 1,245.00 levels. Thus, there is no change in the bearish trend scenario that depends on holding below 1,254.56 levels. Stochastic is reaching the overbought areas now. Our main awaited target is located at 1,229.32. The expected trading range for today is between the 1,229.30 support and the 1,254.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The gold price has not shown any strong moves since morning holding around 1,245.00 levels. Thus, there is no change in the bearish trend scenario that depends on holding below 1,254.56 levels. Stochastic is reaching the overbought areas now. Our main awaited target is located at 1,229.32. The expected trading range for today is between the 1,229.30 support and the 1,254.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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