Midday update for Gold 23-11-2017
Economies.com
2017-11-23 10:44AM UTC
Gold price shows some slight bearish bias since morning affected by stochastic negativity, noticing that the index gains the positive momentum gradually to head towards the oversold areas, forming positive motive that we waiting to assist to push the price to continue the overall bullish trend.
Therefore, we will continue to suggest the bullish trend for today supported by the EMA50, reminding you that holding above 1281.17 represents the first condition to continue the suggested rise, which its targets begin by breaching 1299.20 to open the way to head towards 1321.50 on the near term basis.
Expected trading range for today is between 1280.00 support and 1300.00 resistance.
Expected trend for today: Bullish
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