Midday update for Gold 28-04-2017
Economies.com
2017-04-28 10:59AM UTC
Gold price shows some slight bullish bias in attempt to move away from 1263.17 level, and the price gets positive signal through stochastic, waiting to motivate the price to surpass the EMA50 and get rid of the negative pressure to rally towards achieving our positive targets that begin at 1282.00 followed by 1300.00.
Therefore, the positive scenario will remain active for the upcoming period unless breaking 1263.17 level and holding below it, as this break will push the price to test 1250.00 and might extend to 1237.00 before any new attempt to rise.
Expected trading range for today is between 1255.00 support and 1290.00 resistance.
Expected trend for today: Bullish
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