Gold needs positive motive – Analysis - 21-04-2017
Economies.com
2017-04-21 03:57AM UTC
Gold price keeps its stability above the EMA50 that forms good support base for the intraday trading, to protect the continuation of trading inside the bullish channel that appears on chart, waiting to resume the bullish bias that its first target located at 1300.00.
Therefore, we will keep our positive overview unless breaking 1263.17 level and holding below it, as breaking this level will push the price to visit the main bullish channel's support around 1230.00 before any new attempt to rise, noting that breaching 1300.00 will extend the bullish wave to reach 1340.00.
Expected trading range for today is between 1270.00 support and 1300.00 resistance.
Expected trend for today: Bullish
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