Midday update for Gold 01-10-2018
Economies.com
2018-10-01 09:47AM UTC
Gold price crawls downwards calmly to gradually approach 1180.00 level, to keep the bearish bias suggested for the rest of the day, supported by the negative pressure formed by the EMA50, reminding you that breaking the mentioned level will push the price towards 1160.00 as a next station, while the expected bearish decline will remain valid conditioned by the price stability below 1195.00.
Expected trading range for today is between 1170.00 support and 1200.00 resistance.
Expected trend for today: Bearish
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