Midday update for Gold 21-04-2017
Economies.com
2017-04-21 11:15AM UTC
Gold price shows slight bullish bias in attempt to move away from the EMA50, which supports the continuation of our positive overview for the rest of the day, which its targets begin by testing 1300.00 level, reminding you that breaching this level will push the price to extend its gains towards 1340.00 as a next main station.
Therefore, we will continue to suggest the bullish trend in the upcoming period conditioned by the price stability above 1263.17 level.
Expected trading range for today is between 1270.00 support and 1300.00 resistance.
Expected trend for today: Bullish
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