Gold surpasses the resistance – Analysis - 17-11-2017
Economies.com
2017-11-17 04:26AM UTC
Gold price opens today's trading positively to breach 1281.17 level and closes the last four hours' candlestick above it, which supports the expectations of continuing the bullish trend in the upcoming period, paving the way to head towards 1299.20 as a next main station, noting that breaching this level will push the price towards 1321.50.
Therefore, the bullish trend will remain valid for today supported by the EMA50, conditioned by the price stability above 1271.30.
Expected trading range for today is between 1270.00 support and 1295.00 resistance.
Expected trend for today: Bullish
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