Gold resumes rising – Analysis - 14-02-2018
Economies.com
2018-02-14 04:57AM UTC
Gold price begins today’s trading with clear rise to surpass our first waited target at 1335.40 and attempts to hold above it, which supports the continuation of our bullish overview efficiently in the upcoming sessions, paving the way to head towards the previously recorded top at 1365.97 as a next main station.
Therefore, we are waiting for more rise today, supported by moving above the EMA50, noting that breaking 1335.40 and trading below it might push the price to test 1316.48 areas again before any new attempt to rise.
Expected trading range for today is between 1325.00 support and 1350.00 resistance.
Expected trend for today: Bullish
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