Midday update for Gold 24-10-2017

Gold price falls under negative pressure to move below 1281.17 level now, which urges caution from the upcoming trading, holding below this level will push the price to test 1263.15 level mainly, and the price is affected by stochastic and the EMA50 negativity.

Now, we prefer staying aside in order to monitor the daily candlestick according to 1281.17 level, noting that stepping above it will push trading to achieve intraday gains that start at 1299.20 and extend to 1321.49.

Expected trading range for today is between 1270.00 support and 1295.00 resistance.

Expected trend for today: Neutral