Technical analysis of Gold for October 10, 2018 888011000 110888 Gold rate remains trapped inside the trading range. Gold rate returned in the bearish long-lasting channel and continues to move sideways. Green lines -bearish long-term channel Red lines -short-term trading variety Gold cost has stayed inside the trading variety yesterday as well. Price is extremely near to the lower range boundary and support is found at$ 1,184. , if broken we expect costs to move towards$1,175-70 minimum.. Resistance is at$1,193. If broken we could see another run towards$1,200. For a break out and a move towards$ 1,220-40 we need to break above$1,207-11. Up until this happens, rate is vulnerable even for brand-new 2018 lows.The product has been provided by InstaForex Company-www.instaforex.com

By | October 10, 2018

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