Gold visits the resistance 30/11/2012
Economies.com
2012-11-30 05:35AM UTC
The positive trading continued on Gold yesterday approaching from the sideways’ range resistance at 1731.00, as we remain preferring the sideways’ trading between 1731.00 and 1692.00, and we notice that EMA50 meets the current resistance besides the clear Stochastic negativity, which hints to possible downside bounce on the intraday basis.
In general, the sideways’ trading will remain dominant unless one of the mentioned levels was breached.
Expected trading range for today is between: 1700.00 support and 1744.00 resistance.
Expected trend for today: sideways
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