Midday update for Gold 28/05/2015
Economies.com
2015-05-28 10:30AM UTC
Gold price shows sideways and tight range trading since morning, keeping its stability above the critical support at 1181.00, which keeps the bullish trend scenario valid until now, which targets 1205.00 then 1225.00 levels mainly, but we should be aware that stochastic begun to provide negative signals now that might push the price to new positive attempts for the mentioned critical support.
Expected trading range for today is between 1170.00 support and 1210.00 resistance.
Expected trend for today: Bullish
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