Oct 13 2017

Midday Update for Gold 13-10-2017



Gold is trading near the 1299.20 level, and we are still awaiting confirmation of a breach of this level for the rally towards 1321.49 which represents our next main target.


Stochastic is providing a positive cross signal now to support the continuation of the bullish scenario for the coming period. We will continue to hold the bullish bias on stability above the 1281.17 level. A breach of this level will pressure the price to visit the 1263.15 areas again before any new attempt to rise.


The trading range for today is among the support at 1281.00 and resistance at 1310.00


The general trend for today is bullish

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