Midday update for Gold 27-06-2016
Economies.com
2016-06-27 09:58AM UTC
Gold price hovers around 1328.40 level since morning, and we still waiting to breach this level to reinforce the continuation of the expected positive scenario on the short term basis, which depends on the stability above 1303.58.
Therefore, the bullish bias will remain expected for the rest of the day, supported by the EMA50, reminding you that our next main target reach to 1400.00.
Expected trading range for today is between 1300.00 support and 1360.00 resistance.
Expected trend for today: Bullish
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