Gold leans on minor support 29/01/2013
Economies.com
2013-01-29 05:48AM UTC
Gold price closed yesterday’s trading above 1653.00 which we mentioned in our previous reports, beside that, the price found a minor support appears in the above chart, and that stopped the attempts of achieving more declining.
These technical factors accompanied with Stochastic clear positivity, allow us to prefer witnessing a bullish bias today targeting levels begin at 1671.00 followed by 1683.00, but we must be aware that accomplishing this positivity requires first: surpassing 1660.00 besides holding above 1653.00.
Expected trading range for today is between: 1650.00 support and 1676.00 resistance.
Expected trend for today: Bullish
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