Gold below the moving average 09/04/2013
Economies.com
2013-04-09 04:48AM UTC
Gold price trading settled below EMA50, to stop the positive possibility mentioned yesterday temporarily, and now we need to monitor the price behavior according to the critical levels represented by 1567.00 support and 1578.00 resistance to confirm the next trend.
Breaking below the mentioned support will bring back the negative pressure on price, while breaching above 1578.00 will open the way for more gains on the intraday basis.
Expected trading range for today is between: 1560.00 support and 1595.00 resistance.
Expected trend for today: Neutral
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