Gold starts positively 19/11/2012

The price opens today’s trading positively surpassing 1721.00 after it closed last week below it, to offer initial positive signals support the chances for getting back to the bullish channel again.

Now, we need to stay neutral temporarily, until getting a daily close above the mentioned level followed by 1731.00 to confirm the rally towards 1760.00 as main initial targets, with being attention that breaching below 1705.00 will pull the price lower towards levels around 1675.00

Expected trading range for this week is between: 1692.00 support and 1770.00 resistance.

Expected trend for today: Neutral