Midday update for Gold 12-02-2018
Economies.com
2018-02-12 10:59AM UTC
Gold price shows some slight bearish bias after approaching the EMA50 that formed intraday resistance barrier against the price, and as long as the price is above 1316.48, the bullish trend scenario will remain valid for today, and the price needs to breach 1335.40 to confirm opening the way to head towards 1365.97 on the near term basis, noting that breaking 1316.48 will put the price under the correctional bearish pressure again.
Expected trading range for today is between 1310.00 support and 1340.00 resistance.
Expected trend for today: Bullish
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