Midday update for Gold 29-10-2018
Economies.com
2018-10-29 10:34AM UTC
Gold price falls under negative pressure to attack the intraday bullish trend line, while the EMA50 continues to protect the expected positive scenario for today, besides stochastic move inside the oversold areas.
Therefore, we will keep our bullish overview for today unless breaking 1220.00 level and holding below it, noting that breaching 1238.30 will push the price towards 1262.50 as a next main station.
Expected trading range for today is between 1220.00 support and 1250.00 resistance.
Expected trend for today: Bullish
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