Gold price crawls downwards – Analysis - 08-11-2018
Economies.com
2018-11-08 05:08AM UTC
Gold price shows calm negative trades to settle below the EMA50, to keep the bearish trend scenario valid until now, waiting to test 1208.40 level mainly, noting that breaking this level will extend the bearish wave to reach 1198.00 direct.
Holding below 1238.30 is important to achieve the suggested targets, as breaching it will lead the price to test the next correctional level at 1262.51 direct.
Expected trading range for today is between 1208.00 support and 1235.00 resistance.
Expected trend for today: Bearish
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