Midday update for Gold 21-07-2017
Economies.com
2017-07-21 10:36AM UTC
Gold price resumes the bullish bias on its way towards our waited target at 1254.56, to keep the bullish trend valid and active for the rest of the day, supported by the EMA50, noting that stochastic forms obstacle against continuing the rise.
In general, we will continue to suggest the bullish trend in the upcoming sessions unless we witnessed clear break and holding below 1229.32 level, noting that breaching 1254.56 will lead the price to rally towards the previously recorded top at 1295.37 as a next main station.
Expected trading range for today is between 1235.00 support and 1260.00 resistance.
Expected trend for today: Bullish
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