Gold begins with negativity – Analysis - 21/04/2014
Economies.com
2014-04-21 05:53AM UTC
Gold price opens this week’s trading with clear bearish bias to achieve a strong break below 1294.00, which opens the way towards more negative trading for today, and the main target is located at 1250.00, which represents the full target for the previously completed head and shoulders pattern which its neckline was retested in the past days.
The EMA50 supports the suggested decline, which remains valid unless breaching 1300.00 and holding above it.
Expected trading range for today is between: 1250.00 support and 1300.00 resistance.
Expected trend for today: Bearish
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