Gold attacks the support – Analysis - 21/08/2014
Economies.com
2014-08-21 05:09AM UTC
Gold price begins today’s trading with bearish bias to start the attempts to break 1290.00 level, and as we mentioned in our previous reports, breaking this level will push the price to visit 1266.00 areas before any new positive attempt.
Therefore, we prefer staying aside now in order to monitor the price behavior according to 1290.00 level, especially that there is a negative pressure coming from the EMA50 and stochastic on the intraday trading.
Expected trading range for today is between: 1270.00 support and 1310.00 resistance.
Expected trend for today: Neutral
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