Gold Outlook - 17 October 2019
Hi Guys,
Gold tested the support yesterday at 1477 but failed twice. Thus, gold climb up (with help with poor US data) but stalled at 1490. Gold might go up to 1498 and drop down. However, looking at yesterday behavior, we might see that gold drop down to test 1477 again. A break of 1477 will lead to the ultimate target of 1460. Major trend still bearish. Good Luck!!
Gold tested the support yesterday at 1477 but failed twice. Thus, gold climb up (with help with poor US data) but stalled at 1490. Gold might go up to 1498 and drop down. However, looking at yesterday behavior, we might see that gold drop down to test 1477 again. A break of 1477 will lead to the ultimate target of 1460. Major trend still bearish. Good Luck!!
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