Midday update for Gold 11-08-2017
Economies.com
2017-08-11 10:36AM UTC
Gold price resumes its bullish bias slightly to keeps crawling to our first waited target at 1295.37, and braeching it represents the heading key for the next target at 1312.00, where the price gets continues positive support from the EMA50, reinforcing the chances for the continuation of the rsie for the rest of the day.
Therefore, we will keep our bullish trend expectations in the upcoming period unless breaking 1254.56 level and holding with a daily close below it.
Expected trading range for today is between 1275.00 support and 1300.00 resistance.
Expected trend for today: Bullish
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