Gold in sideways range 23/05/2013

Economies.com
2013-05-23 05:19AM UTC

Gold price settled near 1360.00, and the trading is limited inside sideways range between 1400.00 and 1340.00, while we find a contradiction between Stochastic positivity and the EMA50 negativity.

 

Thus, the sideways trading will be preferred in the upcoming period, until the price succeeds to surpass one of the aforementioned levels.

 

Expected trading range for today is between: 1340.00 support and 1400.00 resistance.

 

Expected trend for today: Sideways

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