Midday update for Gold 22-03-2017
Economies.com
2017-03-22 11:43AM UTC
Gold price crawls upwards gradually in attempt to continue the overall bullish trend, as the bullish bias still dominating the intraday and short term trading as long as 1231.13 level remains intact, noting that stochastic negativity interprets the reasons of the bullish wave slowness.
In general, we will continue to suggest the bullish trend in the upcoming period, waiting to target 1263.17 level mainly, noting that breaking 1231.13 will push the price to visit 1211.30 areas before any new attempt to rise.
Expected trading range for today is between 1235.00 support and 1263.00 resistance.
Expected trend for today: Bullish
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