Gold awaits the breach – Analysis - 13-10-2017

Gold price resumes its positive trading by today's opening to approach from 1299.20 level, and stochastic provides positive overlapping signal now that we are waiting to motivate the price to breach the mentioned level and confirm extending the bullish wave towards our next target at 1321.49.

Therefore, we will keep our bullish overview on the intraday and short term basis, supported by the EMA50 that keeps carrying the price from below, reminding you that holding above 1281.17 represents key condition to achieve the suggested targets.

Expected trading range for today is between 1281.00 support and 1310.00 resistance.

Expected trend for today: Bullish