Midday update for Gold 09-10-2019

Economies.com
2019-10-09 10:02AM UTC

Gold price shows a bearish bias now to test the EMA50, and it remains confined between the trend keys that are represented by 1485.00 support and 1520.00 resistance, keeping our neutral attitude remains valid until now, waiting for breaching one of these levels to detect the next targets clearly, pointing that the details of the expected targets from the breach appear clear in our morning reports.

 

The expected trading range for today is between 1485.00 support and 1525.00 resistance.

 

The expected trend for today: Neutral

 

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