Technical analysis of Gold for October 5, 2018 888011000 110888 Gold price remains inside the trading range. Gold cost made a move higher the other day towards $1,207 but did not break above resistance of $1,211. Costs reversed strongly back listed below $1,200 at the upper border of the long-lasting bearish channel. Red lines-trading variety Green lines-bearish long-lasting channel Gold cost remains in a neutral pattern. Just a clean exit out of the trading range could supply some momentum. Today after the NFP statement we could see a break of the trading range. A rejection at $1,200 and a move listed below$ 1,184 will break the ice for a move towards$1,140. A break above$1,207 will increase the possibilities of exiting the trading range to the advantage towards $ 1,220-40. The product has actually been supplied by InstaForex Company

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