Gold remains stable 12/07/2013

Economies.com
2013-07-12 00:02AM UTC

Gold price settles above 1270.00, approaching yesterday from visiting our first target at 1300.00, recording 1298.50, while we still prefer the intraday bullish bias, which requires breaching above 1300.00 to head towards 1340.00

 

Breaking below 1270.00 will stop the positive scenario and leads to a decline that its targets begin at 1240.00

 

Expected trading range for today is between: 1250.00 support and 1340.00 resistance.

 

Expected trend for today: Bullish

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