Gold approaches from the target – Analysis - 11-08-2017
Economies.com
2017-08-11 04:14AM UTC
Gold price achieved strong gains yesterday to approach from the previously recorded top at 1295.37, as the positive effect of the previously completed inverted head and shoulders' pattern continues, which its full target located at 1312.00.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, noting that breaking 1254.56 will stop the expected rise to push the price to test the key support areas around 1229.32 before any new attempt to rise.
Expected trading range for today is between 1275.00 support and 1300.00 resistance.
Expected trend for today: Bullish
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