Gold tests the support 18/07/2013

Economies.com
2013-07-18 01:00AM UTC

Gold price tested the critical support level 1270.00, which represents the protection factor to keep our suggested positive expectations in our last reports, which allows us to continue in preferring the bullish trend on the intraday basis, reminding you that our targets at 1300.00 and extend towards 1340.00

 

Stochastic negativity explains the reasons for the sideways and negative last trading.

 

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

 

Expected trend for today: Bullish

 

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