Gold keeps its stability – Analysis - 28/07/2014
Economies.com
2014-07-28 04:50AM UTC
Gold price’s trading bounced higher after 1290.00 level proved its strength against the price’s negative attempts, to settle now above 1300.00 level reinforcing our positive expectations on the intraday basis, waiting for breaching 1314.60 level to open the way towards 1344.45.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the bullish bias that its continuation is conditioned by holding above 1290.00.
Expected trading range for today is between: 1280.00 support and 1320.00 resistance.
Expected trend for today: Bullish
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