Midday update for Gold 06-05-2019

Gold price hovers near 1282.00 level, and it finds difficulty to confirm braeching it until now, affected by stochastic negativity, while moving above the EMA50 represents a positive motive that might assist to push the price to achieve some extra gains.

Therefore, we stay aside until the price confirms its next trend clearly, waiting for confirming braeching one of the next trend keys that are represented by 1275.30 support and 1282.00 resistance, to recognize the details of the expected targets from the breach, please review our morning report.

The expected trading range for today is between 1270.00 support and 1295.00 resistance.

The expected trend for today: Neutral