Gold declines calmly – Analysis - 25/09/2014
Economies.com
2014-09-25 05:12AM UTC
Gold price trades with slight bearish bias approaching from our main waited target between 1200.00 and 1187.00, where the EMA50 keeps supporting the current bearish wave, which depends on the stability below 1236.00 level.
Therefore, the bearish trend scenario will remain valid and active in the upcoming period, and monitoring gold price behavior when reaching the suggested targets is important, where breaking it will cause an extension in gold losses on the short term basis.
Expected trading range for today is between: 1187.00 support and 1230.00 resistance.
Expected trend for today: Bearish
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