Gold price keeps its stability above the support base formed above the previously breached resistance line that appears on the chart. Meamwhile, stochastic begins to provide positive overlapping signal on the four-hour time frame, which supports the continuation of our bullish overview for the rest of the day. Wait for head towards 1,249.94 that represents our next main target. Let me remind you that holding above 1,206.00 represents the first protecting factor to the continuation of our positive overview. Today the expected trading range is between 1,200.00 support and 1,230.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Gold price keeps its stability above the support base formed above the previously breached resistance line that appears on the chart. Meamwhile, stochastic begins to provide positive overlapping signal on the four-hour time frame, which supports the continuation of our bullish overview for the rest of the day. Wait for head towards 1,249.94 that represents our next main target. Let me remind you that holding above 1,206.00 represents the first protecting factor to the continuation of our positive overview. Today the expected trading range is between 1,200.00 support and 1,230.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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