Midday update for Gold 27-04-2017
Economies.com
2017-04-27 11:43AM UTC
Gold price returns to test the key support 1263.17, and as long as the price is above this level, the bullish trend scenario will remain active for today, waiting to surpass the EMA50 to get rid of the negative pressure followed by heading towards our main targets that begin at 1279.50 and extend to 1300.00.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 1263.17 level and holding with a daily close below it.
Expected trading range for today is between 1255.00 support and 1290.00 resistance.
Expected trend for today: Bullish
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