Midday update for Gold 28-06-2016

Gold price shows some sight bearish bias now to approach from retesting the support base that formed above 1303.58 level, accompanied by stochastic enter to the oversold levels to provide positive motive that we wait to assist to push the price to resume its main bullish track.

Therefore, our bullish trend expectations will remain valid and active for today supported by the EMA50, waiting for breaching 1331.00 level to confirm opening the way towards targeting 1400.00 level, reminding you that holding above 1303.58 level important for achieving the suggested targets.

Expected trading range for today is between 1300.00 support and 1360.00 resistance.

Expected trend for today: Bullish