Gold tests the support base – Analysis - 09-01-2017
Economies.com
2017-01-09 05:31AM UTC
Gold price continues to fluctuate near the critical support at 1172.68 keeping its stability above this level, accompanied by clear positive signals by stochastic, while the EMA50 keeps providing support for the price from below.
Therefore, these factors encourage us to keep our bullish trend expectations, and its next main target located at 1211.31, while breaking 1172.68 then 1160.00 levels will stop the expected rise and pushes the price to target 1124.88 level as a next main station.
Expected trading range for today is between 1160.00 support and 1200.00 resistance.
Expected trend for today: Bullish
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