Gold keeps the support base – Analysis - 28/05/2015

Gold price kept its stability above the bullish trend line that appears on image and above the key support 1181.00, which keeps the chances valid to resume the bullish trend again, as stochastic shows bullish trend that we are waiting to motivate the price to head towards our targets that start by breaching 1205.00 barrier to open the way towards 1225.00.

In general, we will continue to suggest the bullish bias in the upcoming sessions unless breaking 1181.00 level, reminding you that breaking this level will push the price to suffer intraday losses that its initial main targets reach 1142.60.

Expected trading range for today is between 1170.00 support and 1210.00 resistance.

Expected trend for today: Bullish