Gold succeeds to breach 23/07/2013
Economies.com
2013-07-22 23:55PM UTC
Gold price succeeded to breach the bearish channel’s resistance at 1320.00 to clash with the next critical resistance at 1340.00, and as we mentioned in our recent reports, breaching above this level will confirm the continuation of the upside rally initially towards 1400.00
The price might be forced to some sideways fluctuation affected by the overbought signals that appears on Stochastic, while the intraday bullish bias remains valid conditioned by the stability above 1300.00
Expected trading range for today is between: 1300.00 support and 1370.00 resistance.
Expected trend for today: Bullish
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