Gold price activates the positive scenario – Analysis - 28-10-2021
Economies.com
2021-10-28 04:11AM UTC
Gold price trades positively to breach 1797.00 level and attempts to hold above it, to activate the bullish trend scenario on the intraday basis, organized inside the bullish channel that appears on the chart, waiting to visit 1825.15 mainly.
The EMA50 supports the suggested positive scenario, as it carries the price from below, noting that breaking 1797.00 followed by 1787.00 levels will stop the expected bullish trend and press on the price to turn to decline.
The expected trading range for today is between 1785.00 support and 1820.00 resistance.
The expected trend for today: Bullish
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