Midday update for Gold 08-12-2016

Gold price did not show any strong move since morning, to keep trading stuck between the next trend keys represented by 1172.68 support and 1187.00 resistance, and as we mentioned in our morning report, the price needs to breach one of these levels to detect its next targets clearly.

Therefore, we will continue with our neutrality until we get clearer signal for the next trend, and for more details about the expected targets after the breach, please review our morning report.

Expected trading range for today is between 1160.00 support and 1200.00 resistance.

Expected trend for today: Depends on the above mentioned levels