Midday update for Gold 08-10-2019
Economies.com
2019-10-08 09:17AM UTC
Gold price trades positively to test the EMA50, to remain confined between the critical levels that are represented by 1485.00 support and 1530.00 resistance, as we mentioned in our last reports, the price needs to breach one of these levels to detect its next targets clearly, which keeps our neutral attitude valid until now.
The contradiction between stochastic positivity and the EMA50 negativity provides another reason for the neutrality, to recognize the details of the expected targets from the breach, please review our morning report.
The expected trading range for today is between 1475.00 support and 1515.00 resistance.
The expected trend for today: Neutral
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