Gold pushes on the support – Analysis - 24-04-2017
Economies.com
2017-04-24 04:25AM UTC
Gold price begins today’s trading with clear negativity attacking the bullish channel’s support level, where it approached from testing the critical support at 1263.17 and bounces higher quickly to settle above the mentioned channel’s support, which keeps the bullish trend active until now, waiting for getting enough positive momentum to push the price to head towards our main targets at 1300.00 and extend to 1340.00.
Therefore, we wait for positive trading in the upcoming sessions unless witnessing clear break and stability below 1263.17 level.
Expected trading range for today is between 1263.00 support and 1300.00 resistance.
Expected trend for today: Bullish
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