Midday update for Gold 26/11/2014
Economies.com
2014-11-26 11:51AM UTC
Gold price shows some slight bearish bias to approach from the support base that formed above 1193.40, and the price needs to settle above this level for the continuation of the bullish bias for today, and the most important above 1178.85.
In general, we will remain preferring the bullish trend in the upcoming period, reminding you that breaching1207.90 level is important to confirm the continuation of the intraday gains towards 1225.00 then 1255.00 levels.
Expected trading range for today is between: 1185.00 support and 1225.00 resistance.
Expected trend for today: Bullish
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