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July 10th, Economies.com’s analysts’ latest views today: Gold prices are hovering around 1929.00, stochastic indicators are now providing a clear negative signal, so there is a chance to resume the expected decline in the short term, waiting for a break below 1913.15 Start a downtrend towards 1873.50.
Price stabilization below 1929.00 is the key factor to sustain the decline, a break above this level will push prices higher, testing the key resistance at 1945.20 before a fresh downside attempt.
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Today’s trading range is expected to be between 1900.00-1935.00.
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