Gold in tight range 05/04/2013
Economies.com
2013-04-05 05:45AM UTC
Gold price fluctuates in tight and sideways range since morning, moving around 1550.00, while the bearish trend remains preferred on the intraday basis, and the target is testing 1520.00
Note that breaching above 1577.00 will turn the intraday trading towards the upside, specially that Stochastic provides clear positive signals on the daily time frame.
Expected trading range for today is between: 1520.00 support and 1565.00 resistance.
Expected trend for today: Bearish
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