Midday update for Gold 06-09-2016

Gold price shows indications of the beginning of rising now, to support the continuation of the bullish trend scenario for today, which gets positive support by the EMA50, waiting to test 1354.60 level as a first main target.

Therefore, our positive overview will remain valid for the rest of the day, conditioned by the price stability above 1297.75 level, reminding you that breaching the targeted level will extend gold price gains to reach 1400.00.

Expected trading range for today is between 1297.75 support and 1354.60 resistance.

Expected trend for today: Bullish