Gold reaches the triangle’s apex 30/05/2013

Gold price keeps fluctuating inside the triangle that appears in the image, reaching now to the head of this triangle, while the last tight trading signals that there is a potential strong acceleration when surpassing one of the triangle’s lines, which are represented by 1385.00 support and 1400.00 resistance.

Therefore, we continue in monitoring the price move according to the mentioned level, waiting for a clear breach above one of these levels and then getting clearer confirmation signals for the trend.

Expected trading range for today is between: 1340.00 support and 1447.00 resistance.

Expected trend for today: Depends on the abovementioned levels