Gold begins positively 12/11/2012

Economies.com
2012-11-12 06:20AM UTC

The price closed last week trading at 1731.00 and begins today’s trading with clear positivity moving away from the mentioned level, this makes us prefers the expected bullish trend for the upcoming days which is mainly targeting levels around 1780.00.

 

We must take into consideration that breaching 1731.00 then 1718.00 will put a negative pressure on the price intraday trading.

 

Expected trading range for this week is between: 1710.00 support and 1780.00 resistance.

 

Expected trend for this week: Bullish

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