Gold recovers 31/05/2013

Economies.com
2013-05-31 05:10AM UTC

Gold price confirmed breaking 1400.00 by a daily close above it, which confirms the upside trend continuation which was suggested in our last report, waiting our main target at 1447.00

 

EMA50 supports the upside wave from below, which remains valid unless 1400.00-1390.00 levels were broken.

 

Expected trading range for today is between: 1390.00 support and 1455.00 resistance.

 

Expected trend for today: Bullish

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