Gold keeps fluctuating at the critical support at 1,249.94. Notice that stochastic approaches from confirming the positive overlap on the 4H time frame, to support the continuation of the bullish trend expectations for today. That depends on the stability above the mentioned support, waiting for targeting 1,285.00 level mainly. Note that breaking 1,249.94 will turn the intraday track to the downside to test 1,240.00 then 1,230.00 levels before it returns to resume the bullish trend again. The expected trading range for today is between 1,240.00 support and 1,270.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Gold keeps fluctuating at the critical support at 1,249.94. Notice that stochastic approaches from confirming the positive overlap on the 4H time frame, to support the continuation of the bullish trend expectations for today. That depends on the stability above the mentioned support, waiting for targeting 1,285.00 level mainly. Note that breaking 1,249.94 will turn the intraday track to the downside to test 1,240.00 then 1,230.00 levels before it returns to resume the bullish trend again. The expected trading range for today is between 1,240.00 support and 1,270.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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