Midday update for Gold 12/04/2013

Economies.com
2013-04-12 10:05AM UTC

Gold price declines to attack the critical support level at 1550.00, while a daily close below it will confirm suffering more losses on the intraday and short term basis.

 

We will wait the daily candlestick close according to the morning mentioned levels to confirm the next trend for the price.

 

Expected trading range for today is between: 1550.00 support and 1580.00 resistance.

 

Expected trend for today: Neutral

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