Midday Update of Gold 26-09-2017

The price of gold shows some slight bearishness affected by stochastic negativity, to test the SMA 50, while the price remains stable above the pivotal support of 1299.20, so the bullish trend remains intact so that breaking this level represents the key to return to the corrective correction.

Our first target is at 1321.49, while breaching this level will confirm the extension of the upside wave to reach 1357.53 in the near term.

The trading range for today is among the key support at 1299.20 and resistance at 1330.00

The general trend for today is bullish