Gold at the sensitive support 28/11/2012
Economies.com
2012-11-28 05:37AM UTC
The price achieved a decline to hit the rising wedge support shown in the above image, according to the negativity of this pattern, breaking below this support will turn the intraday trend to the downside and decreases the chances of achieving the bullish trend expected previously.
Until now, we suggest the bullish trend which is targeting 1765.00 followed by 1780.00, unless 1739.00 were breached and settling below.
Expected trading range for today is between: 1731.00 support and 1765.00 resistance.
Expected trend for this week: Bullish
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