Midday update for Gold 20-11-2017

Economies.com
2017-11-20 10:52AM UTC

Gold price hovers around 1290.00 level since morning, and stochastic begins to get rid of its negative momentum gradually, while the EMA50 keeps providing the positive support to the price.

 

Therefore, the bullish trend scenario will remain active for today, which its targets begin by breaching 1299.20 level to confirm heading towards 1321.50, while holding above 1281.17 represents the first condition to continue the expected rise.

 

Expected trading range for today is between 1281.00 support and 1305.00 resistance.

 

Expected trend for today: Bullish

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