Gold settles at the target – Analysis - 24-07-2017
Economies.com
2017-07-24 03:41AM UTC
Gold price settles around 1254.56 level after the bullish rally that it witnessed in the recent sessions, noticing that the price closed last week above this level, paving the way to continue the bullish trend on the short term basis to head towards the previously recorded top at 1295.37 as a next main station.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50 that keeps carrying the price from below, taking into consideration that breaking 1245.00 will push the price to test 1229.32 areas again before any new attempt to rise.
Expected trading range for today is between 1245.00 support and 1265.00 resistance.
Expected trend for today: Bullish
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