Midday update for Gold 14-07-2020
Economies.com
2020-07-14 09:41AM UTC
Gold price resumes its positive trading to start moving away from the minor bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for the rest of the day, supported by stochastic reach to the oversold areas, besides the EMA50 that keeps carrying the price from below.
Therefore, we believe that the way is open to achieve our positive targets that start at 1840.00 followed by 1860.00, reminding you that the continuation of the bullish wave requires holding above 1777.00.
The expected trading range for today is between 1785.00 support and 1830.00 resistance.
The expected trend for today: Bullish
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