Gold within continuation pattern 18/06/2013
Economies.com
2013-06-18 04:32AM UTC
Gold price trading was limited recently inside a symmetrical triangle pattern that appears in the image, while breaking this pattern’s support –at 1382.00- will activate this pattern, to push the price for negative trading towards 1350.00 followed by 1340.00
Until now, we still aside on the intraday basis, and we need to monitor the price behavior according to 1382.00 support and 1395.00 resistance to get clearer signals for the trend.
Expected trading range for today is between: 1360.00 support and 1405.00 resistance.
Expected trend for today: Neutral
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