Midday update for Gold 17-01-2019
Economies.com
2019-01-17 11:06AM UTC
Gold price shows new tests to breach the bullish pennant’s resistance, waiting to rally towards the main waited target at 1316.65, noting that the price gets continuous positive support by the EMA50, while holding above 128670 represents key condition to continue the suggested rise.
Expected trading range for today is between 1280.00 support and 1316.00 resistance.
Expected trend for today: Bullish
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