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Gold breaks the support – Analysis - 19-10-2017
Gold price begins today's trading with bearish bias to move below 1281.17 level after closing the daily candlestick below it, which puts the price under more expected negative pressure on the intraday basis, targeting testing 1263.15 level before attempting to return to rise again.
Therefore, we expect witnessing more decline in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that stepping above 1281.17 will stop the current negative pressure and push the price to regain its main bullish track again.
Expected trading range for today is between 1263.00 support and 1285.00 resistance.
Expected trend for today: Bearish
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USDCAD breaks the support – Analysis - 19-10-2017
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