Gold declines calmly – Analysis - 30/03/2015
Economies.com
2015-03-30 04:57AM UTC
Gold price shows calm trading after approaching from 1225.00 level recently, to head towards the critical support that formed at 1181.00, while the EMA50 keeps providing positive support for the intraday trading, which keeps the chances valid for resuming the bullish trend, which its targets reach to 1244.00 after breaching 1225.00 level.
It is important to be aware that breaking 1181.00 level will stop the positive expectations and pushes the price to regain the short- term bearish track, and targets begin mainly by testing the recently recorded bottom at 1142.60.
Expected trading range for today is between: 1181.00 support and 1225.00 resistance.
Expected trend for today: Bullish
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