Midday update for Gold 27-03-2019
Economies.com
2019-03-27 10:18AM UTC
Gold price touched the intraday bullish channel’s support line and begins bouncing bullishly from there, and stochastic continues to provide the positive signals, while the EMA50 carries the price from below.
Therefore, we will keep our bullish overview for the rest of the day, which its next main target located at 1346.73, while holding above 1302.60 represents major condition to achieve the waited targets.
The expected trading range for today is between 1305.00 support and 1335.00 resistance.
The expected trend for today: Bullish
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