Gold awaits the confirmation 28/05/2013
Economies.com
2013-05-28 05:29AM UTC
Gold price keeps fluctuating within yesterday’s mentioned triangle which appears by the above chart, while Stochastic provides negative signal that might push negatively on the price.
In general, we are waiting for surpassing one of the mentioned triangle lines – between 1375.00 support and 1400.00 resistance, to get clearer signals for the next trend, and the expected targets are explained in our previous report.
Expected trading range for today is between: 1340.00 support and 1447.00 resistance.
Expected trend for today: Depends on the abovementioned levels
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