Midday update for Gold 16-02-2017
Economies.com
2017-02-16 11:43AM UTC
Gold price resumes its positive attempts after the sideways fluctuation that appeared this morning, which supports the continuation of our bullish trend expectations for the rest of the day, which targets testing 1249.94 level initially, reminding you that breaching this level will push the price towards 1260.00 as a next main station.
In general, the bullish trend will remain suggested, supported by the EMA50, unless breaking 1226.50 and the most important 1211.31 and holding below them.
Expected trading range for today is between 1225.00 support and 1249.94 resistance.
Expected trend for today: Bullish
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