Gold price begins negatively – Analysis - 31-10-2018
Economies.com
2018-10-31 04:42AM UTC
Gold price opens today’s trading with clear decline to move away from the broken minor support, reinforcing the expectations of continuing the bearish trend, which targets testing 1208.40 level before detecting the next destination clearly.
Moving below the EMA50 supports the suggested decline, which will remain valid unless the price managed to breach 1226.00 level and hold above it.
Expected trading range for today is between 1205.00 support and 1226.00 resistance.
Expected trend for today: Bearish
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