Gold crawls upwards – Analysis - 12-10-2017
Economies.com
2017-10-12 03:57AM UTC
Gold price shows calm positive trading to approach from the first waited target at 1299.20, keeping the bullish trend scenario valid until now, supported by the EMA50 that carries the price from below, noting that breaching the mentioned level is required to push the price towards 1321.49 as a next main station.
Stochastic shows positive signals that support the chances of extending the bullish wave in the upcoming period, reminding you that holding above 1281.17 represents key condition to continue the expected rise.
Expected trading range for today is between 1281.00 support and 1310.00 resistance.
Expected trend for today: Bullish
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