Midday update for Gold 13-02-2017

Gold price didn’t show any strong move since morning, where it fluctuates within tight range settled within the EMA50, and it might witness more of the sideways fluctuation until stochastic managed to get rid of its negativity and gaining enough positive momentum to push the price to resume the bullish trend.

Therefore, we will keep our bullish trend expectations in the upcoming period, conditioned by holding above 1221.50 level, reminding you that our main targets begin at 1236.20 and 1249.94.

Expected trading range for today is between 1220.00 support and 1249.94 resistance.

Expected trend for today: Bullish