Midday Update for Gold 18-07-2017

Gold is trading around the 1235.00 level since morning, and as long as the price is above 1223.00, the positive impact of the head and shoulders pattern will remain effective, awaiting further upside for the rest of the day, with our next target at 1254.56.

Stochastic negativity explains the reasons for the current sideways volatility, while the 50 SMA continues to support the suggested bullish wave.

The trading range for today is among the support at 1229.32 and resistance at 1254.56

The general trend for today is bullish