Midday update for Gold 27/04/2015

The tight range controls gold price trading since morning to hovers around 1181.00 level, and the price remains within the tight range, which its lines represented by the mentioned support and 1205.00 resistance, pointing that there are positive chances for some upside moves, affected by stochastic current positivity.

In general, the sideways trading remains expected on the intraday basis between the aforementioned levels, waiting for breaching one of them to detect the next targets clearly, to recognize the expected targets from the breach, please review our morning report.

Expected trading range for today is between 1160.00 support and 1200.00 resistance.

Expected trend for today: Sideways