Gold is stable – Analysis - 29/09/2014 Gold price kept its stability below the EMA50, which supports the continuation of the overall bearish overview for today, which depends on holding below 1236.00 level, waiting to test the key support areas between 1200.00 and 1187.00. Stochastic positivity might push the price for some temporary sideways fluctuation before turning back to decline again, reminding you with the importance of monitoring the price behavior when reaching the targeted areas, as breaking it will extend the gold price losses on the short term basis. Expected trading range for today is between: 1187.00 support and 1236.00 resistance. Expected trend for today: Bearish
Posted on: Mon, 29 Sep 2014 06:04:03 +0000