Midday update for Gold 13/02/2013

Economies.com
2013-02-13 11:04AM UTC

Gold trades with bearish bias after retesting 1652.00, and as we mentioned in the morning, the bearish bias remains preferred as long as the price was below this level, reminding you that being aware from the upcoming trading is required, especially after finding solid support at 1640.00

 

We recommend you to review our previous report to recognize more details about the expected move.

 

Expected trading range for today is between: 1629.00 support and 1660.00 resistance.

 

Expected trend for today: Neutrality is preferred 

 

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