Technical analysis of Gold for October 11, 2018 888011000 110888 Gold price stays inside the trading series of $1,180-$1,210. Price is trying to make greater highs and greater lows. If we break above $1,207-11, bulls could see $1,220-40 location. Support up until now is held however a break below $1,183 would be a bearish indication and might give Gold a push lower by at least 10$. Green lines -long-term bearish channel Red lines-trading variety Gold price although it is moving out of the long-lasting bearish channel, will require to break above $1,211 to make a strong bounce higher. As long as price is listed below$ 1,211 there is still a threat of pushing to brand-new lows. Assistance is at$1,183. Resistance is at $1,207 and next at $1,211. The material has actually been provided by InstaForex Company-www.instaforex.com

By | October 11, 2018

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