Midday update for Gold 25-10-2018

Economies.com
2018-10-25 09:56AM UTC

Gold price finds difficulty to breach 1238.30 level until now, to show some bearish bias and test the breached resistance of the bullish pennant pennant that appears on the chart, affected by stochastic negativity, but the bullish trend still valid, supported by the EMA50 that carries the price from below, which its targets extend to reach 1262.50 after breaching the previous level, reminding you that it is important to hold above 1220.00 to continue the expected rise.

 

Expected trading range for today is between 1225.00 support and 1250.00 resistance.

 

Expected trend for today: Bullish

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