Midday update for Gold 24/11/2015
Economies.com
2015-11-24 12:47PM UTC
Gold price shows some bullish bias affected by stochastic positivity, noticing that the indicator is approaching from the overbought areas now, which forms negative factor that we are waiting to push the price to resume the main bearish trend.
In general, the negative scenario will remain valid as long as the price is below 1102.00 level, waiting to target 1050.00 followed by 1000.00 levels mainly.
Expected trading range for today is between 1050.00 support and 1085.00 resistance.
Expected trend for today: Bearish
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