Gold below the resistance – Analysis - 01/09/2014
Economies.com
2014-09-01 05:13AM UTC
Gold price shows more sideways and tight range trading that remains stable below 1290.00, to keep the bearish trend valid and active on the intraday basis, supported by the negative overlapping signal that comes from stochastic.
Our main target located at 1266.00, and monitoring gold price behavior is important when reaching this level, where it represents an important key to detect the next trend on the short term basis.
Expected trading range for today is between: 1266.00 support and 1300.00 resistance.
Expected trend for today: Bearish
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