Midday update for Gold 17-07-2017
Economies.com
2017-07-17 10:26AM UTC
Gold price keeps its stability above 1229.32 level, to keep the bullish trend scenario active for today, and the positive effect of the inverted head and shoulders pattern, waiting for more of the upside moves for the rest of the day, supported by the EMA50 that keeps carring the price from below.
Our next target at 1254.56, pointing that holding above 1223.50 level represents an important condition for the continuation of the suggested bullish wave.
Expected trading range for today is between 1223.50 support and 1250.00 resistance.
Expected trend for today: Bullish
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