Midday update for Gold 16-11-2017
Economies.com
2017-11-16 10:41AM UTC
Gold price fluctuates within sideways and tight track since morning settling around 1280.00, while stochastic begins to provide positive overlapping signal on the four hours' time frame, forming positive motive that we are waiting to assist to push the price to rise in the upcoming sessions.
Therefore, we will keep our bullish overview for the rest of the day conditioned by holding above 1271.00, reminding you that breaching 1281.17 will confirm extending the bullish wave towards our first target at 1299.20.
Expected trading range for today is between 1270.00 support and 1295.00 resistance.
Expected trend for today: Bullish
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