Gold price tests the resistance – Analysis - 02-11-2018
Economies.com
2018-11-02 05:00AM UTC
Gold price’s rise stopped at the key resistance 1238.30, and begins to provide bearish rebound signals now, accompanied by the clear negative signals that appear through stochastic, which supports the chances of resuming the bearish trend in the upcoming sessions, targeting visiting 1208.40 level mainly.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 1238.30 level and hold above it.
Expected trading range for today is between 1208.00 support and 1245.00 resistance.
Expected trend for today: Bearish
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