Midday update for Gold 29-06-2016
Economies.com
2016-06-29 10:14AM UTC
Gold price trades with slight positivity since morning moving away from the key support 1303.58, supported by the bullish trend provided by stochastic, waiting to breach 1333.00 level to confirm opening the way to extend gold price gains to reach 1400.00.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid and active unless breaking 1303.58 level and holding with a daily close below it.
Expected trading range for today is between 1300.00 support and 1360.00 resistance.
Expected trend for today: Bullish
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