Gold price retests – Analysis - 28-10-2019
Economies.com
2019-10-28 05:50AM UTC
Gold price retested the breached resistance of the bearish channel and keeps its stability above it, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the rise in the upcoming sessions.
Therefore, the bullish trend scenario will remain valid on the intraday basis, which targets 1535.00 followed by 1555.00 levels mainly, reminding you that breaking 1489.00 will stop the suggested rise and press on the price to return to the correctional bearish track again.
The expected trading range for today is between 1490.00 support and 1520.00 resistance.
The expected trend for today: Bullish
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