Midday update for Gold 10/02/2016
Economies.com
2016-02-10 11:01AM UTC
Gold price retests 1182.80 level now, accompanied by stochastic reach to the oversold levels, to form a positive factor that we wait to motivate the price to resume the bullish trend for today, which depends on the stability above the mentioned level.
Therefore, we will keep preferring the bullish trend in the upcoming period supported by the EMA50, pointing that our main targets begin at 1219.70 and extend to 1267.20 on the near basis.
Expected trading range for today is between 1170.00 support and 1219.70 resistance.
Expected trend for today: Bullish
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