Midday update for Gold 29-03-2017
Economies.com
2017-03-29 11:33AM UTC
Gold price shows bullish bias since morning to move above 1250.00, but it remains below the broken support level of the intraday bullish channel, which keeps the bearish trend scenario active until now, waiting for heading to test 1231.13 level mainly.
Reminding you that the expected decline is temporarily, waiting for resuming the main bullish trend that its next main target at 1300.00, pointing that 1257.80 will push the price to rise without the need to decline towards the above mentioned target.
Expected trading range for today is between 1231.00 support and 1257.80 resistance.
Expected trend for today: Bearish temporarily
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