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Gold continues to fluctuate 05/03/2013
Gold price continued its sideways trading and moves near the minor bullish channel’s support that appears in the image, this channel might be a reason for the positive trading on the intraday basis.
Overall, the general bearish trend scenario remains valid, and breaking below 1566.00 will open the way towards the next target at 1555.00, taking into consideration that breaching above 1587.00 will push the price to test levels between 1600.00 and 1610.00, and might extend towards 1625.00.
Expected trading range for today is between: 1555.00 support and 1600.00 resistance.
Expected trend for today: Bearish
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USD CAD moves in narrow areas 05/03/2013
The pair trades within tight range since yesterday, with some slight bearish bias, which might extend to retest 1.0180.
MoreUSD JPY shows negative bias 05/03/2013
The pair begins today’s trading with slight bearish bias approaching from EMA50 which is located in the middle of the sideways range that appears in the image, and surpassing 92.90 will force the price to visit the support of this range at 92.20
MoreGBP USD heads to retest 05/03/2013
The pair provides bullish bias within today’s opening, to approach from the retest level 1.5190 which represents the main factor for our negative expectations.
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