Gold

2019/October/20



Gold: The price of gold found it difficult to break 1485.00, to show a bullish bias and test the 50 SMA, as long as the price is below 1507.50, our expectations for the bearish trend will remain effective, organized within the descending channel that appears in the picture, noting that our first main target is at 1447.00. Short positions below 1498 zones targeting 1450 & 1440 & stop loss by closing the day candle above 1507.

 

Gold 1493.01 1493.58 1493.91 1494.48 1494.81 1495.38 1495.71