Gold analysis for 19.10

Gold price starts today’s trading with an upward bias to breach the 1770.00 level and settle above it, which leads the price to achieve expected intraday gains in the upcoming sessions, targeting testing the 1797.00 level initially.

Therefore, we expect to witness more rise today, taking into consideration that breaking 1770.00 and holding below it again will reactivate the bearish trend scenario whose first target is at 1734.00.

The expected trading range for today is between the support 1760.00 and the resistance 1795.00

The forecast trend for today: bullish