Gold october 25th 2018 analysis
Although yesterday’s ounces of gold rose by 0.27 percent, the technical outlook for the market has not changed. The 4-ounce supply of gold ounces in 1245 .0-1240. 3 is still the best place to enter the transaction. Meanwhile, the four-hour RSI indicator is close to the saturation range, and the price of ounces of gold is approaching long-term resistance. From the weekly chart of ounces of gold, the market is involved with a resistance of $ 1,236.6. This weekly resistance is consistent with the daily ounce of gold at $ 1236.
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Price action strategy
There are two options for entering an ounces gold deal, according to the April Price Action Analysis report. Or you can buy $ 1,408 in gold ounces from $ 1240.3, placing a losing margin above $ 1245.0, or wait for a 4-consecutive downtrend in this range and enter the deal to sell gold ounces with the advent of the signal.