Gold attempts to stop its losses 11/04/2013
Economies.com
2013-04-11 05:47AM UTC
As we mentioned in our last update for gold, the price suffered sharp losses, settling now above 1550.00, being under negative pressure coming from EMA50, while stochastic provides positive signs on the daily timeframe.
This contradiction makes us need to stay aside, awaiting for clearer signals for the trend, while 1575.00 and 1550.00 levels has the keys of the next intraday trend.
Expected trading range for today is between: 1550.00 support and 1580.00 resistance.
Expected trend for today: Neutral
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