Gold gets the motive – Analysis - 21/10/2014
Economies.com
2014-10-21 05:18AM UTC
Gold price managed to close yesterday’s trading above 1240.50 level, to get positive motive that supports stopping the negative pressure which controls the last trading, waiting for resuming the bullish bias to target 1286.00 areas mainly.
The EMA50 keeps providing support for gold price from below, and it is important to be aware that holding above 1231.00 level is main condition for the continuation of the suggested bullish wave.
Expected trading range for today is between: 1231.00 support and 1265.00 resistance.
Expected trend for today: Bullish
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