Midday update for Gold 30/03/2015
Economies.com
2015-03-30 10:44AM UTC
Gold price continues to decline to surpass the EMA50 now, opening the way towards a potential visit to the critical support at 1181.00, as long as the price above this level, so the bullish trend scenario will remain valid and active, supported by the oversold signals that come from stochastic.
We remind you that the waited targets begin by breaching 1205.00 level to open the way towards 125.00 then 1244.00.
Expected trading range for today is between: 1181.00 support and 1225.00 resistance.
Expected trend for today: Bullish
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