Midday update for Gold 26-09-2017
Economies.com
2017-09-26 09:56AM UTC
Gold price shows some slight bearish bias affected by stochastic negativity, to test the EMA50, while the price keeps its stability above the key support 1299.20, to keep the bullish trend valid until now, as breaking this level represents the key to return to the correctional bearish track.
Our first target is located at 1321.49, noting that breaching this level will confirm extending the bullish wave to reach 1357.53 on the near term basis.
Expected trading range for today is between 1299.20 support and 1330.00 resistance.
Expected trend for today: Bullish
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