Midday update for Gold 21-08-2017
Economies.com
2017-08-21 10:30AM UTC
Gold price leaned on the EMA50 and shows positive trading now, supported by the positive overlapping signal provided by stochastic now, waiting to motivate the price to breach 1295.37 level to confirm extending the bullish wave towards 1312.00 followed by 1347.00 that represent our next main targets.
Therefore, we are waiting for more rise in the upcoming sessions conditioned by holding above 1274.00 level, reminding you that breaking this level will push the price to visit 1254.56 before any new positive attempt.
Expected trading range for today is between 1274.00 support and 1300.00 resistance.
Expected trend for today: Bullish
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