Midday update for Gold 21/11/2014
Economies.com
2014-11-21 11:42AM UTC
Gold price shows positive attempts now to confirm surpassing 1193.40 barrier, supported by the EMA50, while stochastic attempts to get rid of its negativity to support the suggested intraday bullish wave.
In general, we will continue to suggest the bullish trend in the upcoming period conditioned by holding above 1178.85, reminding you with our main waited target at 1225.00.
Expected trading range for today is between: 1170.00 support and 1225.00 resistance.
Expected trend for today: Bullish
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