Gold hovers around the support – Analysis - 25/05/2015
Economies.com
2015-05-25 04:50AM UTC
Gold price keeps the stability of the daily closes above 1205.00 level and above the previously breached resistance that appears in the above image, which keeps the bullish trend scenario valid until now, supported by stochastic current positivity, waiting for targeting 1225.00 then 1244.00 levels initially.
We remind you that breaking 1205.00 – 1203.00 levels will put the price under negative pressure that pushes it towards 1181.00 levels directly.
Expected trading range for today is between 1190.00 support and 1230.00 resistance.
Expected trend for today: Bullish
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