Midday Update for Gold 08-11-2019

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Gold is resuming its negative trading on its way towards our awaited target at 1447.00, to keep the bearish trend active for the rest of the day, supported by negative pressure formed by SMA 50, noting that the continuation of the expected decline requires stability below 1489.00, while exceeding the first target is the key to the impulse towards 1413.10 directly.

Expected trading range for today is between 1447.00 support and 1480.00 resistance

Expected trend for today: Bearish

. (tagsToTranslate) Gold (t) Gold Exchange (t) Gold Analysis Today (t) Gold Price Analysis

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