Update for Gold 08-06-2017

Gold price shows sideways and tight trading since morning settling around 1285.00, noticing that stochastic reaches the oversold areas to support the chances of bouncing bullishly in the upcoming sessions, to keep the bullish trend scenario active for the rest of the day, waiting to breach 1295.37 to confirm opening the way to head towards 1360.00 that represents our next main target.     

The EMA50 keeps protecting the suggested bullish wave, which its continuation conditions holding above 1274.00.     

Expected trading range for today is between 1274.00 support and 1310.00 resistance.     

Expected trend for today: Bullish