Midday update for Gold 25/07/2014
Economies.com
2014-07-25 10:27AM UTC
Gold price remains fluctuating near the critical support 1290.00, as long as the price is stable above it, so our bullish trend expectations will remain valid in the upcoming period, and the first target represented by breaching 1314.60 level to confirm heading towards 1344.45.
Stochastic provides positive signal to support the waited bullish trend scenario.
Expected trading range for today is between: 1280.00 support and 1320.00 resistance.
Expected trend for today: Bullish
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