Midday update for Gold 18-10-2019
Economies.com
2019-10-18 10:43AM UTC
Gold price resumes its negative trading to start pressing on 1485.00, which supports the continuation of our bearish overview for the rest of the day, reinforced by the negative signal provided by stochastic now, waiting to confirm the break to rally towards 1447.00 that represents our next main target, reminding you that the continuation of the bearish trend depends on the price stability below 1507.50.
The expected trading range for today is between 1470.00 support and 1505.00 resistance.
The expected trend for today: Bearish
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