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10/24/2017 12:10:46 AM

Gold - Technical Analysis: Tuesday, 24/10/2017 04:10 GMT



Gold price consolidation above the bullish trend line pushed trades to move above 50% Fibonacci correction level again, to support the chances of the return to the bullish trend again, waiting to test 1299.00 as a first target, and surpassing this level will push the price to 1320.00.

On the other hand, breaking 1271.00 will push the price for more bearish correction on the short term basis.


Target
Risk


Support
Resistance


Trend Bullish

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