Midday Update for Gold 04-01-2018

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·@ohamdache·
0.000 HBD
Midday Update for Gold 04-01-2018
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Gold is resuming its positive trading near the pivotal resistance of 1321.49 as Stochastic is providing positive signals to stimulate the pair to the upside, awaiting the breach of the mentioned level to confirm the extension of the upside wave towards 1357.53 in the near term.

 

In general, we will continue to weigh the bullish trend for today unless the 1299.20 level is breached and stability below it.

 

The trading range for today is among the support at 1295.00 and resistance at 1320.00

 

The general trend for today is **bullish**
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