Midday update for Gold 06-01-2017
Economies.com
2017-01-06 12:05PM UTC
Gold price retested 1172.68 level this morning and rebounds bullishly from there, which supports the continuation of our positive overview efficiently for the upcoming period, especially that stochastic gets rid of its negativity gradually, to reinforce the chances of continuing the expected rise.
Therefore, the bullish trend will remain valid and active for today conditioned by holding above 1158.00, reminding you that our next main target is located at 1211.31.
Expected trading range for today is between 1165.00 support and 1200.00 resistance.
Expected trend for today: Bullish
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