Gold price tests the resistance – Analysis - 03-10-2018
Economies.com
2018-10-03 04:02AM UTC
Gold price settles at the key resistance 1208.40 after the bullish rally that it witnessed on yesterday’s evening, and the price still below this resistance, noticing that stochastic is overbought now, to keep the chances valid to resume the main bearish trend, which targets testing 1180.00 level initially.
We should note that breaching 1208.40 will stop the expected decline and push the price to start correctional bullish wave that its main targets begin at 1238.31.
Expected trading range for today is between 1190.00 support and 1215.00 resistance.
Expected trend for today: Bearish
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