Gold price begins rising – Analysis - 31-10-2019
Economies.com
2019-10-31 06:06AM UTC
Gold price provided positive trades yesterday to move away from 1489.00 level, to reactivate the bullish trend scenario again, on its way to achieve positive targets that begin at 1535.00 and extend to 1555.00.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1489.00 will stop the expected rise and press on the price to start bearish correction that its targets begin at 1447.00.
The expected trading range for today is between 1485.00 support and 1515.00 resistance.
The expected trend for today: Bullish
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