Gold returns to the channel 13/06/2013

Economies.com
2013-06-13 05:41AM UTC

Gold price achieved good gains yesterday to be trading again inside the bullish channel again, while the EMA50 attempts to stop the positive attempts, and the contradiction between the positivity of the trading inside the channel and the EMA50 negativity besides Stochastic negativity, these factors make us prefer staying aside now, and the target is monitoring the price behavior according to the critical levels between 1384.00 support and 1394.50 resistance.

 

Expected trading range for today is between: 1366.00 support and 1416.00 resistance.

 

Expected trend for today: Neutral

 

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