Gold price begins negatively– Analysis - 08-10-2018
Economies.com
2018-10-08 05:37AM UTC
Gold price opens today’s trading with clear negativity to surpass the EMA50 and settles below it now, which supports the expectations of continuing the bearish trend in the upcoming period, waiting to break 1190.00 level to ease the mission of heading towards our waited targets that begin at 1180.00 and extend to 1160.00.
Stochastic provides negative signal to support the expected decline, reminding you that it is important to hold below 1208.40 to achieve the suggested targets.
Expected trading range for today is between 1180.00 support and 1208.00 resistance.
Expected trend for today: Bearish
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