Gold price continues to fluctuate – Analysis - 24-10-2019
Economies.com
2019-10-24 04:46AM UTC
Gold price continues to fluctuate around the EMA50, and still inside the correctional bearish channel that appears on the chart, noticing that stochastic provides negative signals on the four hours’ time frame.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, which its targets begin by breaking 1485.00 to confirm opening the way to head towards 1447.00 as a next main station, while holding below 1500.50 represents key condition to achieve it.
The expected trading range for today is between 1475.00 support and 1500.00 resistance.
The expected trend for today: Bearish
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