Midday update for Gold 01/09/2015

Gold price continues to fluctuate near 1142.60 level since morning, while the contradiction remains valid between the technical factors that mentioned this morning, which makes us remain neutral until surpassing one of the critical levels that represented by 1126.25 support and 1156.00 resistance, reminding you that breaking this support will push the price towards 1159.95 then 1100.00 as initial main targets, while breaching the resistance will lead the price to get out of the main bearish channel and turns to the upside.

Expected trading range for today is between 1120.00 support and 1160.00 resistance.

Expected trend for today: Depends on the above mentioned levels