Gold price awaits the breach – Analysis - 29-10-2018
Economies.com
2018-10-29 04:23AM UTC
Gold price continues the attempts to breach the key resistance 1238.30, moving within intraday bullish channel that organizes the recent trades, while the EMA50 keeps providing the positive support to the price.
Therefore, these factors support the chances of continuing the expected bullish trend for the upcoming period, which its next target located at 1262.50, while achieving it conditions holding above 1220.00 and the most important above 1208.40.
Expected trading range for today is between 1220.00 support and 1250.00 resistance.
Expected trend for today: Bullish
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