Midday update for Gold 24/07/2014
Economies.com
2014-07-24 10:38AM UTC
The gold price traded with a clear bearish bias since morning surpassing 1300.00 barrier, while stochastic enters the oversold levels to support the chances of bouncing higher and regaining the bullish track.
Until now, we will keep preferring the overall bullish trend unless breaking the next critical support barrier at 1290.00, which will lead gold price to head towards 1266.00 mainly before any new positive attempt.
Expected trading range for today is between: 1290.00 support and 1344.45 resistance.
Expected trend for today: Bullish
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