Midday update for Gold 01-11-2019
Economies.com
2019-11-01 10:57AM UTC
Gold price shows sideways and tight trades since morning and continues to fluctuate around 1510.00, to keep the bullish trend scenario valid as it is without any change for today, depending on the price stability above 1489.00, noticing that stochastic gets rid of its negative momentum gradually to support the chances of resuming the expected rise, which its first main target located at 1535.00.
The expected trading range for today is between 1500.00 support and 1530.00 resistance.
The expected trend for today: Bullish
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