Midday update for Gold 16/07/2013

Economies.com
2013-07-16 10:11AM UTC

Gold price attempts to show some positive trading heading towards our first target at 1300.00, while stochastic negativity forms an obstacle against the positive attempts.

 

In general, our morning overview remains valid and active unless 1270.00-1245.00 levels were broken.

 

Expected trading range for today is between: 1250.00 support and 1340.00 resistance.

 

Expected trend for today: Bullish

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