Midday update for Gold 16-04-2018
Economies.com
2018-04-16 10:05AM UTC
Gold price shows sideways trading now settling around 1345.00 level, and as long as the price is above 1335.40, the bullish trend scenario will remain active for the upcoming period, noting that stochastic negativity interprets the reasons of the current sideways fluctuation, while the EMA50 provides positive support that reinforces the chances of heading towards our first waited target at 1365.97.
Expected trading range for today is between 1335.00 support and 1370.00 resistance.
Expected trend for today: Bullish
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