Gold below the retest level 14/02/2013
Economies.com
2013-02-14 05:49AM UTC
Gold’s trading remains below the retesting level 1652.00, which keeps the bearish bias valid, supported by EMA50, but the price must break below the support level 1640.00 which keeps preventing the price from achieving more downside moves.
In general, the bearish trend will be preferred for today unless breaching above 1652.00 followed by 1660.00, which leads to test the correctional bearish channel resistance initially at 1685.00
Expected trading range for today is between: 1629.00 support and 1660.00 resistance.
Expected trend for today: Bearish
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