Midday update for Gold 03/12/2012
Economies.com
2012-12-03 10:45AM UTC
Weak trading shown on the price move, while the conflict between Stochastic and EMA50 remains valid.
In general, our expectations of the sideways range domination still valid, and taking into consideration the importance of monitoring the price behavior when reaching one of the range lines which were mentioned in our previous report.
Expected trading range for today is between: 1692.00 support and 1744.00 resistance.
Expected trend for today: sideways
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