Midday update for Gold 21/11/2012
Economies.com
2012-11-21 11:02AM UTC
The price leans in good way at EMA50 in attempt to keep our positive expectation valid for today, while we notice that the trading is limited within potential rising wedge pattern might has negative effects in case it’s support was breached.
In general, the preferred bullish trend remains valid if 1722.00 and the most important 1715.00 remain intact.
Expected trading range for today is between: 1710.00 support and 1750.00 resistance.
Expected trend for today: Bullish
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