Commodities

Midday update for Gold 22-10-2018

2018-10-22 09:40:15 GMT (Economies.com)

Gold price continues to fluctuate inside the bullish pennant mentioned this morning, while stochastic continues to head towards the oversold areas, waiting to motivate the price to breach 1230.50 level to confirm resuming the expected bullish trend for today, which its targtes begin by testing 1238.31.

 

Therefore, we will keep our bullish overview for the upcoming sessions unless breaking 1218.70 level and holding below it.

 

Expected trading range for today is between 1218.00 support and 1245.00 resistance.

 

Expected trend for today: Bullish

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