Gold leans on the moving average 06/02/2013

Gold price is stable above the EMA50, to get a good support for our positive expectations on the intraday basis, where we are waiting for testing the strength of 1692.00 mainly.

Stochastic provides clear positive signals on the four hours time frame, to reinforce the chances of achieving the waited targets, which remain valid unless 1660.00 was breached.

Expected trading range for today is between: 1660.00 support and 1692.00 resistance.

Expected trend for today: Bullish