Midday update for Gold 22/05/2015
Economies.com
2015-05-22 10:55AM UTC
Gold price rallies upwards to surpass the EMA50, which supports the continuation of the positive overview efficiently for today, which is reinforced by stochastic current positivity, waiting to test 1225.00 level initially, which breaching it represents the key to extend the bullish wave towards 1244.00 then 1268.00.
The EMA50 forms positive factor now that supports the suggested rise, which its continuation conditions holding above 1205.00.
Expected trading range for today is between 1190.00 support and 1230.00 resistance.
Expected trend for today: Bullish
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