Gold within tight range 05/07/2013
Economies.com
2013-07-05 04:57AM UTC
The tight range continues to dominate the gold price trading since yesterday, which settles below 1270.00 until now, while we still keep our intraday positive trading expectations, targeting 1300.00 initially, this rise depends on the last touch for the downside channel’s support line that appears in the image.
We remind you that breaking below 1213.00 will turn the intraday trading to the downside, and the first target is to test the bearish channel’s support at 1180.00
Expected trading range for today is between: 1220.00 support and 1300.00 resistance.
Expected trend for today: Bullish
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