Gold price around the moving average – Analysis - 07-11-2018
Economies.com
2018-11-07 05:08AM UTC
Gold price returns to fluctuate around the EMA50 after attempting to surpass it yesterday, and as long as the price is below 1238.30, the bearish trend scenario will remain valid for the upcoming period, waiting to visit 1208.40 level mainly.
We remind you that breaching 1238.30 will lead the price to extend the correctional bullish wave towards 1262.51 as a next main station.
Expected trading range for today is between 1208.00 support and 1240.00 resistance.
Expected trend for today: Bearish
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