Gold price confirms the negative pattern – Analysis - 01-10-2019
Economies.com
2019-10-01 04:49AM UTC
Gold price confirmed breaking 1485.00 level and completing the head and shoulders pattern that mentioned in our last report, which puts the price under negative pressure that targets 1447.00 then 1413.00 as next main stations, waiting for more of the downside moves for today.
The EMA50 supports the bearish wave continuation, taking into consideration that its continuation requires holding below 1485.00 and 1488.90 levels.
The expected trading range for today is between 1450.00 support and 1475.00 resistance.
The expected trend for today: Bearish
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