Gold price didn’t show any strong move since morning, to keep fluctuating near 1185.00 level, as long as the price above 1172.68 level, so the bullish trend scenario will remain active for today, supported by the EMA50, waiting for heading toward 1211.1 that represents the next main target for the current bullish wave. You should be aware that breaking 1172.68 then 1160.00 levels will stop the expected rise and pushes the price to visit 1124.88 levels before detecting the next trend. The expected trading range for today is between 1172.68 support and 1211.31 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Gold price didn’t show any strong move since morning, to keep fluctuating near 1185.00 level, as long as the price above 1172.68 level, so the bullish trend scenario will remain active for today, supported by the EMA50, waiting for heading toward 1211.1 that represents the next main target for the current bullish wave. You should be aware that breaking 1172.68 then 1160.00 levels will stop the expected rise and pushes the price to visit 1124.88 levels before detecting the next trend. The expected trading range for today is between 1172.68 support and 1211.31 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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