Gold price keeps its positive stability – Analysis - 26-10-2018
Economies.com
2018-10-26 04:29AM UTC
Gold price keeps its stability above the bullish pennant’s resistance, getting continuous positive support by the EMA50, which supports the continuation of our bullish overview in the upcoming sessions, especially that stochastic provides positive overlapping signal now, waiting to motivate the price to breach 1238.30 to confirm rallying towards 1262.50 as a next main station.
Holding above 1220.00 is important to continue the expected rise, as breaking it will press the price to test the most important support ot the short term trading at 1208.40 before any new attempt to rise.
Expected trading range for today is between 1220.00 support and 1250.00 resistance.
Expected trend for today: Bullish
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