Gold below the psychological barrier 25/06/2013
Economies.com
2013-06-25 05:29AM UTC
Gold price remains stable below 1300.00, which represents 50% Fibonacci level for the entire bullish wave measured from 681.00 to 1920.90, which confirms the continuation of the negative pressure on the short term and medium term basis, supported by EMA50.
The waited targets now start mainly at 1220.00, while breaching above 1300.00 will open the way to test the previously broken 1340.00 level, and might extend to approach 1400.00 barrier.
Expected trading range for today is between: 1220.00 support and 1300.00 resistance.
Expected trend for today: Bearish
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