Gold price loses momentum – Analysis - 10-10-2018

2018-10-10 04:35:10 GMT (Economies.com)
Gold price loses momentum – Analysis - 10-10-2018
 

Gold price continues to fluctuate around 1190.00 level since yesterday, noticing that stochastic loses its positive momentum clearly to approach the overbought areas, to support the chances of resuming the expected bearish trend on the intraday and short term basis, which its next targets located at 1180.00 followed by 1160.00.

 

The EMA50 supports the expected decline, which its continuation conditions holding below 1208.40.

 

Expected trading range for today is between 1170.00 support and 1200.00 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1580
0.0035
0.3058%
1.3154
0.0067
0.5123%
14.693
0.096
0.658%
71.722
0.239
0.334%
80.85
0.42
0.52%
1226.940
9.280
0.762%
 
 
Live Forex Updates