Midday update for Gold 27-10-2016
Economies.com
2016-10-27 10:23AM UTC
Gold price shows slight bullish bias supported by stochastic positivity that appears clearly on the four hours' time frame, to keep the bullish trend active for the rest of the day, waiting to target 1297.74 level mainly, which breaching it represents the key to extend gold price gains towards 1375.00.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 1249.94 level and holding below it.
Expected trading range for today is between 1255.00 support and 1297.74 resistance.
Expected trend for today: Bullish
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