Midday update for Gold 23-03-2017
Economies.com
2017-03-23 11:18AM UTC
Gold price fluctuates at the intraday bullish trend line that appears in the image, while stochastic reaches the thresholds of the oversold levels now, waiting for the price rally to resume the main bullish trend, and its next target located at 1263.17, reminding you that breaching 1250.00 will reinforce the expectations for the continuation of the expected rise.
In general, the bullish bias will remain preferred in the upcoming period unless breaking 1231.13 level and holding below it.
Expected trading range for today is between 1235.00 support and 1263.00 resistance.
Expected trend for today: Bullish
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