Gold fluctuates – Analysis - 26/01/2015
Economies.com
2015-01-26 06:04AM UTC
Gold price hovers around 1294.50 level and shows attempts to trade above it now, while the EMA50 continues to support the price from below, which keeps the chances valid to resume the recently suggested bullish trend, which gets additional support from the positive overlapping signal offered by stochastic.
Therefore, we will keep the positive overview for the upcoming period, and the next targets are 1322.00 and extend to 1345.00, while achieving them requires holding above 1285.00.
Expected trading range for today is between: 1275.00 support and 1322.00 resistance.
Expected trend for today: Bullish
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