Midday update for Gold 21/10/2014
Economies.com
2014-10-21 10:28AM UTC
Gold price tested 1250.00 areas and shows some bearish bias affected by stochastic negativity, while the overall bullish trend remains valid and preferred for today depending on breaching 1240.50 level yesterday besides the stability of the price above 1231.00 level, where the EMA50 continues to support the expected bullish wave, waiting for targeting levels reach to 1290.00.
Expected trading range for today is between: 1231.00 support and 1265.00 resistance.
Expected trend for today: Bullish
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