Midday update for Gold 30-10-2018
Economies.com
2018-10-30 10:51AM UTC
Gold price presses negatively on the minor support that appears on the chart, which hints the price head to decline in the upcoming sessions, targeting testing 1208.40 level mainly.
Therefore, the bearish bias will be suggested for the rest of the day, supported by moving below the EMA50, noting that breaching 1224.00 – 1227.00 levels will stop the expected decline and push the price to rise again.
Expected trading range for today is between 1208.00 support and 1235.00 resistance.
Expected trend for today: Bearish
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