Midday update for Gold 27/03/2015

Gold price hovers near 1200.00 level, while stochastic gets ready to provide a positive overlapping signal on the four hours time frame, which supports the continuation of our bullish trend expectations efficiently for today, where breaching 1205.00 level is required to reinforce the chances of targeting 1225.00 then 1244.00 levels in the upcoming period.

We remind you that holding above 1181.00 level represents a major condition for the continuation of the suggested positive scenario.

Expected trading range for today is between: 1181.00 support and 1225.00 resistance.

Expected trend for today: Bullish