Midday update for Gold 23/05/2013
Economies.com
2013-05-23 10:45AM UTC
Gold price approaches from the sideways range’s resistance that was mentioned this morning at 1400.00, keeping the sideways trading until now, and we notice that the EMA50 meets the mentioned resistance to strengthen this level.
In general, the morning suggested scenario remains valid and active, being aware that breaching above 1400.00 will open the way directly towards visiting 1447.00
Expected trading range for today is between: 1340.00 support and 1400.00 resistance.
Expected trend for today: Sideways
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