Midday update for Gold 29-10-2020
Economies.com
2020-10-29 09:43AM UTC
Gold price begins providing new negative trades after the slight rise that it witnessed this morning, to keep the bearish trend scenario active for the rest of the day, supported by the negative pressure formed by the EMA50, waiting to test 1860.90 as a next main target, reminding you that breaking it will extend the bearish wave to 1794.85 as a next negative station, while holding below 1901.80 represents key condition to continue the expected decline.
The expected trading range for today is between 1860.00 support and 1900.00 resistance.
The expected trend for today: Bearish
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