Midday update for Gold 22/10/2014
Economies.com
2014-10-22 10:41AM UTC
Gold price fluctuates at the bullish channel’s support that appears in the image, while stochastic reaches the oversold levels, which supports the chances of resuming the expected bullish trend on the intraday and short term basis, which is supported by the EMA50.
We remind you that the next main target at 1290.00, and holding above 1240.50 and 1235.00 levels to keep the chances of achieving the suggested rise.
Expected trading range for today is between: 1231.00 support and 1265.00 resistance.
Expected trend for today: Bullish
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