Midday update for Gold 13-10-2017
Economies.com
2017-10-13 10:34AM UTC
Gold price settles near 1299.20 level, and we still waiting to confirm breaching this level to rally towards 1321.49 that represents our next main target.
Stochastic provides positive overlapping signal now to support the continuation of the expected bullish trend scenario in the upcoming period, to continue suggesting the bullish bias conditioned by holding above 1281.17, as breaking this level will push the price to visit 1263.15 areas before any new attempt to rise.
Expected trading range for today is between 1281.00 support and 1310.00 resistance.
Expected trend for today: Bullish
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