Commodities

Midday update for Gold 19-10-2018

2018-10-19 10:18:40 GMT (Economies.com)

Gold price shows calm negative trades in attempt to resume the expected bearish trend for today, to keep our bearish overview in the upcoming sessions, supported by stochastic reach ot the overbought areas, which targets testing 1208.40 level mainly, taking into consideration that breaching 1230.00 followed by 1238.40 levels will stop the expected decline and lead the price for more bullish correction on the short term basis.

 

Expected trading range for today is between 1208.00 support and 1238.00 resistance.

 

Expected trend for today: Bearish

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