Gold price begins negatively – Analysis - 02-10-2020
Economies.com
2020-10-02 03:48AM UTC
Gold price attempted to breach 1901.80 level, but it begins today with clear bearish bias to move away from this level, which keeps the bearish trend scenario active for the upcoming period, which targets 1877.00 followed by 1860.90 levels as next main stations.
Stochastic provides negative signals that support the expected decline, which will remain valid unless breaching 1901.80 and holding above it.
The expected trading range for today is between 1870.00 support and 1910.00 resistance.
The expected trend for today: Bearish
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