Gold price achieves strong gains – Analysis - 12-10-2018

2018-10-12 04:10:27 GMT (Economies.com)
Gold price achieves strong gains – Analysis - 12-10-2018
 

Gold price confirmed breaking 1208.40 level after closing the daily candlestick above it, to start bullish correction for the decline measured from 1365.05 to 1159.97, as the next target is located at 38.2% Fibonacci level at 1238.31.

 

Therefore, the bullish trend will be suggested in the upcoming sessions unless breaking 1208.40 level and holding below it again.

 

Expected trading range for today is between 1208.00 support and 1238.00 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
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