Midday update for Gold 23/04/2015
Economies.com
2015-04-23 10:50AM UTC
Gold price shows sideways and tight trading since morning, and the price still confined inside the sideways range that its lines represented by 1181.00 support and 1205.00 resistance, and as we mentioned this morning, the sideways trading will be expected in the upcoming period between the mentioned levels until the price manages to breach one of them.
Stochastic current positivity might push the price for recovery attempts for the rest of the day, and to review the expected targets after breaching the sideways range, please check our morning report.
Expected trading range for today is between 1170.00 support and 1220.00 resistance.
Expected trend for today: Sideways
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