Midday update for Gold 30-05-2017
Economies.com
2017-05-30 10:00AM UTC
Gold price is testing the bullish channel's support now and keeps its stability above it, while the EMA50 keeps providing the positive support to the price, which keeps the bullish trend scenario valid for today, waiting to visit 1295.37 level mainly.
Note that breaking 1263.00 will push the price to test the most important support to the intraday and short term trading at 1249.94 before any new attempt to rise.
Expected trading range for today is between 1250.00 support and 1280.00 resistance.
Expected trend for today: Bullish
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