Gold price continues to fluctuate around the EMA50, break of which will open the way to continue the main bullish trend on the intraday and short-term basis. Stochastic provides positive overlapping signal now, motivating the price to trade upwards in the upcoming sessions. Therefore, we will keep our bullish overview for today with the next main target lying at 1,297.74. Importantly, holding above 1,249.94 level represents key condition to continue the suggested rise. The expected trading range for today is between 1,249.94 support and 1,285.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
Gold price continues to fluctuate around the EMA50, break of which will open the way to continue the main bullish trend on the intraday and short-term basis. Stochastic provides positive overlapping signal now, motivating the price to trade upwards in the upcoming sessions. Therefore, we will keep our bullish overview for today with the next main target lying at 1,297.74. Importantly, holding above 1,249.94 level represents key condition to continue the suggested rise. The expected trading range for today is between 1,249.94 support and 1,285.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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