Midday update for Gold 29-08-2018
Economies.com
2018-08-29 10:10AM UTC
Gold price settles near the intraday bullish channel’s support line, noticing that stochastic begins to overlap positively, waiting to motivate the price to resume the bullish trend and breach 1208.40 level to open the way to achieve our positive targets that start at 1219.00 and extend to 1238.31.
In general, we will keep our bullish overview for today unless breaking 1197.00 level and holding below it.
Expected trading range for today is between 1195..00 support and 1225.00 resistance.
Expected trend for today: Bullish
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