Midday update for Gold 21-10-2016
Economies.com
2016-10-21 10:25AM UTC
Gold price continues to fluctuate around the EMA50, while stochastic begins to provide positive overlapping signal on the four hours' time frame, which supports the continuation of our main bullish trend overview, which depends on the stability above 1249.94, while its main targets begin at 1297.74.
We remind you that breaching the targeted level will extend gold price gains to reach 1340.00 followed by 1375.00 on the near term basis.
Expected trading range for today is between 1249.94 support and 1285.00 resistance.
Expected trend for today: Bullish
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