Gold in sideways track 14/06/2013
Economies.com
2013-06-14 05:22AM UTC
Gold price showed some attempts to break the channel’s support line, but the daily close settled above it, supported by stochastic positivity, while the EMA50 continues to form an intraday resistance barrier at 1389.00
Therefore, we continue with the neutrality on the intraday basis, waiting for clearer trend signals, represented by breaching above 1389.00 resistance or a confirmed break below 1384.00
Expected trading range for today is between: 1366.00 support and 1416.00 resistance.
Expected trend for today: Neutral
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