Midday update for Gold 14-09-2017

Gold price hovers around the key support 1321.49, which represents one of the next trend keys represented by the mentioned support and 1335.00 resistance, and we still waiting to breach one of these levels to detect the next destination clearly, while the contradiction between stochastic positivity and the EMA50 negativity still valid.

Therefore, our neutrality will remain active until we get clearer trend confirmation signal, noting that the details of the expected targets after the breach area explained in our morning report.

Expected trading range for today is between 1300.00 support and 1340.00 resistance.

Expected trend for today: Depends on the above mentioned levels