Gold touches the waited target 15/02/2013
Economies.com
2013-02-15 05:20AM UTC
The price succeeded to hit the wait target at 1629.00 as shown in the image, accompanied with stochastic entering the oversold levels, which might push the price for a possible intraday upside bounce.
At the same time, the price remains under the negative pressure of the double top pattern which has full targets reach to 1600.00, with more negative pressure coming from EMA50.
Therefore, we prefer to be neutral now to monitor the price behavior according to 1629.00 level.
Expected trading range for today is between: 1620.00 support and 1645.00 resistance.
Expected trend for today: Neutral
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