Gold price breaches the resistance – Analysis - 25-10-2019
Economies.com
2019-10-25 05:12AM UTC
Gold price ended yesterday’s trading above the bearish channel’s resistance, which stops the recently suggested negative scenario and lead the price to start new bullish wave, on its way to regain the main bullish trend.
Moving above the EMA50 supports the expected rise, which its targets begin at 1535.00 followed by 1555.00, while breaking 1489.00 represents negative factor that will press on the price to resume the correctional bearish trend.
The expected trading range for today is between 1490.00 support and 1520.00 resistance.
The expected trend for today: Bullish
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