Gold awaits the confirmation – Analysis - 04/03/2015
Economies.com
2015-03-04 06:06AM UTC
Gold price returns to trade above 1205.00 after attempting to break it yesterday, which keeps the neutrality valid until now, waiting to get clearer confirmation signal for the next trend through breaking the mentioned support or breaching 1224.60 resistance.
Stochastic is neutral now and doesn’t support any trend, reminding you that breaking the above mentioned support will push the price to test 1181.00 level initially, while breaching the resistance will open the way to achieve gains that begin at 1244.00 then 1268.00.
Expected trading range for today is between: 1190.00 support and 1235.00 resistance.
Expected trend for today: Neutral
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