Gold price continues to fluctuate around the 1316.48 level and attempts to break it, to keep the bearish trend scenario suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 1301.20, while holding below 1335.40 represents the most important condition to continue the expected decline. The expected trading range for today is between the 1295.00 support and the 1325.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Overview
Gold price continues to fluctuate around the 1316.48 level and attempts to break it, to keep the bearish trend scenario suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 1301.20, while holding below 1335.40 represents the most important condition to continue the expected decline. The expected trading range for today is between the 1295.00 support and the 1325.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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