Gold gets positive motive – Analysis - 14-07-2017
Economies.com
2017-07-14 03:00AM UTC
Gold price settles around 1214.30 level, and stochastic managed to reach the oversold areas, to form positive factor that we expect to assist to push the price to rebound bullishly and resume the bullish bias again, waiting to visit 1229.32 level initially.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 1208.92 level and holding below it, as breaking this level will push the price to visit 61.8% Fibonacci correction level at 1188.52 before any new attempt to rise.
Expected trading range for today is between 1205.00 support and 1235.00 resistance.
Expected trend for today: Bullish
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