Technical analysis of Gold for October 8, 2018 888011000 110888 Gold rate remains inside the trading variety below the crucial resistance of $1,207-11. As long as we are below this level there is still danger of moving back towards $1,180. A break above this level will break the ice for a push higher towards $1,220-40. Red lines-trading variety Green lines -long-term bearish channel Gold price is above the long-term bearish channel however this can not be counted as a break out as long as price remains inside the trading range. Traders must be client. A greater low if formed around $1,190-95 might unfold into a bullish break out. I choose to be a purchaser around$1,190-05 looking for a break out over the coming weeks towards $ 1,220-$1,240. Stop for longs at$1,178. The material has been supplied by InstaForex Business-www.instaforex.com

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