Midday Update for Gold 18-01-2018

Gold is currently trading positively after the 50 SMA. The bullish trend remains valid for the coming sessions, supported by the positive stochastic appearing within the 4-hour timeframe, awaiting a visit to the 1357.53 level which represents our next target.

In general, we will continue to weigh the bullish trend for today unless 1321.49 is broken and stability below it.

The trading range for today is among the key support at 1315.00 and resistance at 1345.00

The general trend for today is bullish