Midday update for Gold 17/04/2013
Economies.com
2013-04-17 10:40AM UTC
Gold price remains stuck between the levels that we mentioned in the morning, noticing that the trading becomes tighter gradually, while Stochastic reaches the overbought levels to add some negative pressure on the intraday trading.
Until now, we are waiting for surpassing one of the mentioned critical levels in our morning report to confirm the next intraday trend.
Expected trading range for today is between: 1300.00 support and 1430.00 resistance.
Expected trend for today: depends on the abovementioned levels
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