Midday update for Gold 27-07-2017
Economies.com
2017-07-27 10:05AM UTC
Gold price keeps its stability above the previously breached neckline of the inverted head and shoulders' pattern that appears on chart, to keep the positive effect of this pattern active for the upcoming period, waiting to head towards our next main target at 1295.37.
The EMA50 keeps supporting the price from below, to continue suggesting the bullish trend for the rest of the day unless breaking 1254.56 followed by 1244.00 levels and holding below them.
Expected trading range for today is between 1250.00 support and 1280.00 resistance.
Expected trend for today: Bullish
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