Daily analysis of Gold for October 10, 2017

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Overview

The Gold price kept its stability above 1281.17 level, to start today with bullish bias on its way to head towards our first target at 1299.20, as the price gets positive support by the EMA50, to keep the bullish trend suggested in the upcoming sessions. Note that breaching the targeted level will push the price towards 1321.49 direct while breaking 1281.17 will push the price to test the most important support to the short-term trading at 1263.15 again. The expected trading range for today is between 1275.00 support and 1299.20 resistance.

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