Gold price tests the minor support – Analysis - 06-11-2018
Economies.com
2018-11-06 04:41AM UTC
Gold price tests 1227.00 level again, waiting to break this level to confirm the continuation of the recently suggested bearish trend, which depends on the price stability below 1238.30, waiting to target 1208.40 level mainly.
On the other hand, we should note that breaching 1238.30 will stop the negative scenario and lead the price to achieve gains that reach 1262.51 on the near term basis.
Expected trading range for today is between 1208.00 support and 1240.00 resistance.
Expected trend for today: Bearish
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