Midday update for Gold 17-05-2019
Economies.com
2019-05-17 10:40AM UTC
Gold price continues to fluctuate around the key support 1286.00, which represents one of the trend keys besides 1302.60 resistance, and as we mentioned recent reports, the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.
To review the details of the importance of the mentioned levels and the expected targets after the breach, please check our previous report.
The expected trading range for today is between 1275.00 support and 1300.00 resistance.
The expected trend for today: Depends on the above mentioned levels
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