Gold price continues to fluctuate – Analysis - 02-10-2018
Economies.com
2018-10-02 04:12AM UTC
Gold price shows more trading around 1190.00 level, noticing that stochastic loses its positive momentum again, while the EMA50 forms continuous negative pressure against the price.
Therefore, we will keep our bearish overview in the upcoming period conditioned by the price stability below 1195.00 and the most important 1208.40, reminding you that breaking 1180.00 is required to confirm rallying towards 1160.00 that represents our next main target.
Expected trading range for today is between 1170.00 support and 1200.00 resistance.
Expected trend for today: Bearish
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