Gold retests 25/07/2013
Economies.com
2013-07-25 00:18AM UTC
Gold price declined to retest the previously breached resistance line of the bearish channel, which turns now into support at 1312.00, as holding above this level represents the continuation factor of the recently suggested bullish intraday trend.
Stochastic interprets the current negative pressure, while we will keep our positive overview conditioned by holding above 1312.00 to head towards 1400.00 mainly.
Expected trading range for today is between: 1300.00 support and 1370.00 resistance.
Expected trend for today: Bullish
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