Gold finds solid support 28/06/2013

Gold price decline stopped at the main target suggested yesterday at 1200.00, and made a negative attempt this morning, but it turns to settle above it, which provides possible signals to witness some positive bias for today, supported by stochastic positivity.

Therefore, the bullish intraday bias will be preferred for today unless 1200.00 was broken followed by four hours close below it, as this break will activate the negative scenario again to target 1150.00 and 1125.00 areas again.

Expected trading range for today is between: 1155.00 support and 1250.00 resistance.

Expected trend for today: Bullish