Midday update for Gold 17-10-2018
Economies.com
2018-10-17 09:46AM UTC
Gold price trades positively now to approach testing 1230.00 barrier, which urges caution from the upcoming trading, as breaching this level will stop the morning suggested negative scenario and push the price to test 1238.31 level initially, noting that breaking 1220.00 will confirm resuming the bearish bias that its main target located at the key support 1208.40.
Expected trading range for today is between 1208.00 support and 1230.00 resistance.
Expected trend for today: Bearish
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