Midday update for Gold 25-05-2018
Economies.com
2018-05-25 10:36AM UTC
Gold price tested the support base formed above 1301.20 level after breaching it previously and begins to rebound bullishly from there, which supports the continuation of our bullish overview in the upcoming period, supported by the EMA50 that carries the price from below, waiting to target 1335.40 level initially, noting that breaking 1301.20 will stop the expected rise and push the price to decline again.
Expected trading range for today is between 1290.00 support and 1325.00 resistance.
Expected trend for today: Bullish
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