Midday update for Gold 30-08-2018
Economies.com
2018-08-30 09:49AM UTC
Gold price tests the intraday bullish channel’s support line now, and the EMA50 meets this support to add more strength to it, waiting to get enough positive momentum to push the price to breach 1208.40 to open the way to target 1225.00 followed by 1238.31 levels mainly, reminding you that holding above 1200.00 is important to continue the expected rise for today.
Expected trading range for today is between 1195.00 support and 1225.00 resistance.
Expected trend for today: Bullish
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