Gold price within a continuation pattern – Analysis - 15-10-2018
Economies.com
2018-10-15 04:31AM UTC
Gold price’s recent trades are confined within bullish flag pattern that appears on the minor image, and the price begins attempts to breach it now, which supports the chances of continuing the expected bullish trend on the intraday basis, motivated by stochastic positivity, waiting to head towards 1238.31 that represents 38.2% Fibonacci correction level.
Therefore, we will keep our bullish overview for today unless breaking 1208.40 and holding with a daily close below it.
Expected trading range for today is between 1208.00 support and 1238.00 resistance.
Expected trend for today: Bullish
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