Midday update for GOLD 4H
Gold price is trading positively to move above 1977.25 level, which requires attention from upcoming trades, as stability above this level will push the price to turn higher for the rest of the day, and head towards 2019.95 mainly.
Stochastic and the moving average 50 continue to provide negative signs that support chances of resuming the bearish correctional trend, reminding you that the expected negative target reaches 1945.20.
The expected trading range for today is between the support 1955.00 and the resistance 1990.00
The expected general tendency for today: is bearish
Stochastic and the moving average 50 continue to provide negative signs that support chances of resuming the bearish correctional trend, reminding you that the expected negative target reaches 1945.20.
The expected trading range for today is between the support 1955.00 and the resistance 1990.00
The expected general tendency for today: is bearish
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