Midday update for Gold 21-03-2018

Gold price keeps rising to move above 1316.48 now, affected by stochastic positivity, which requires being aware from the upcoming trading, where confirming breaching this level followed by surpassing 1322.00 and that will stop the bearish correctional scenario and leads the price to regain its main bullish track.

Until now, we keep preferig the bearish trend support by the negative pressure that comes from the EMA50, unless braeching 1322.00 level and holding above it, reminding you that our next target at 1301.20.

Expected trading range for today is between 1290.00 support and 1325.00 resistance.

Expected trend for today: Bearish