Midday update for Gold 08/02/2016
Economies.com
2016-02-08 11:35AM UTC
Gold price keeps rising approaching from our waited target at 1182.80; therefore, the bullish trend scenario will remain valid efficiently for today, waiting for surpassing the mentioned level to extend the positive targets to 1200.00.
In general, the price needs to settle above 1130.60 level to achieve the suggested targets, where breaking this level represents the key return for the main bearish track.
Expected trading range for today is between 1150.00 support and 1190.00 resistance.
Expected trend for today: Bullish
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