Midday update for Gold 22-10-2019
Economies.com
2019-10-22 09:23AM UTC
Gold price shows positive trading to test 1489.00 levels, affected by stochastic positivity, while the EMA50 keeps pressing negatively on the price, keeping the bearish trend active for today, organized within the bearish channel that appears in the image, waiting for visiting 1447.00 level as a next main target, reminding you that holding below 1504.00 level is important for the continuation of the suggested decline.
The expected trading range for today is between 1465.00 support and 1500.00 resistance.
The expected trend for today: Bearish
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