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ICM Capital grants cutting-edge trading services for retail and corporate clients offering a range of products including Forex, Commodities and CFDs.
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Gold price rose as expected to touch levels around the psychological barrier of 1300.00, and trading close to 1303.56 previous top. Trading above 1291.00 might be a reason for more bullishness today, depending on the positivity appearing on the moving averages and ADX indicator.
However, due to the presence close to the psychological barrier and RSI approaching 70 line, we should not exclude a large fluctuation. Generally, we will be positive as long as the trading stabilized... above 1281.00, taking into account that breaking 1291.00 will weaken the positivity on intraday trading today. Support: :1291.00 – 1281.00 – 1275.00 Resistance: 1310.00 – 1317.00 – 1320.00 Direction: Bullish above 1291.00, targeting 1317.00 and 1320.00 as long as the price trading above 1281.00. Gold Price Rises To Touch 1300
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