Midday update for Gold 18-07-2017
Economies.com
2017-07-18 10:10AM UTC
Gold price settles around 1235.00 level since morning, and as long as the price is above 1223.00, the positive effect of the inverted head and shoulders' pattern will remain active, waiting for more rise for the rest of the day, as our next main target is located at 1254.56.
Stochastic negativity interprets the reasons of the current sideways fluctuation, while the EMA50 continues to support the suggested bullish wave.
Expected trading range for today is between 1229.32 support and 1254.56 resistance.
Expected trend for today: Bullish
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