Midday update for Gold 14-02-2018
Economies.com
2018-02-14 10:22AM UTC
Gold price retests the previously breached resistance of the bearish channel that appears on the chart, and the EMA50 provides positive support to the price, to keep the chances valid to continue the expected positive scenario for today, which its targets begin by breaching 1335.40 level to confirm opening the way to head towards 1365.97, noting that breaking 1330.00 will push the price to continue the decline today to visit 1316.48 level before any new positive attempt.
Expected trading range for today is between 1325.00 support and 1350.00 resistance.
Expected trend for today: Bullish
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