Midday update for Gold 20/02/2013

Economies.com
2013-02-20 11:04AM UTC

Gold price shows some bearish bias approaching from the psychological barrier 1600 again, and until now, the chances will remain valid to achieve some gains for today, and we remind you that breaking below 1600.00-1598.00 will decrease these chances and leads to a decline that we detected its targets in our morning reports.

 

Expected trading range for today is between: 1590.00 support and 1640.00 resistance.

 

Expected trend for today: Bullish 

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