Gold gathers the positive momentum – Analysis - 08/10/2015
Economies.com
2015-10-08 05:00AM UTC
Gold price shows some slight bearish bias approaching from retesting 1136.60 level, which meets the EMA50 to strengthen this support, besides stochastic reach to the oversold level that represents intraday positive factor.
Therefore, these factors encourage us to keep preferring the bullish trend in the upcoming period, which its main targets begin at 1170.00 and extend to 1200.00, while achieving it conditioned by holding above 1163.60- 1134.50 levels.
Expected trading range for today is between 1130.00 support and 1165.00 resistance.
Expected trend for today: Bullish
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