Midday update for Gold 21/05/2015
Economies.com
2015-05-21 10:01AM UTC
Gold price shows sideways and tight trading since morning settling around the EMA50, and as long as the price is above 1205.00 level, our bullish outlook will remain valid for today, and the targets begin at 1225.00 and extend to 1244.00.
The price might be forced to show more sideways fluctuation in order to gain enough positive momentum to push the price to resume the expected bullish trend.
Expected trading range for today is between 1190.00 support and 1230.00 resistance.
Expected trend for today: Bullish
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