Midday update for Gold 16/05/2013
Economies.com
2013-05-16 10:47AM UTC
Gold price resumed its waited decline approaching from our main expected target for today at 1365.00, providing some positive bias now affected by Stochastic.
And until now, the bearish trend scenario remains valid and preferred for today, pointing that the next targets reach towards 1350.00
Expected trading range for today is between: 1350.00 support and 1410.00 resistance.
Expected trend for today: Bearish
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