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Spot Gold May Trade Lower On Bearish Indicators

By CommodityOnlineCommoditiesJun 27, 2013 03:56AM ET
www.investing.com/analysis/spot-gold-may-trade-lower-on-bearish-indicators-173091
Spot Gold May Trade Lower On Bearish Indicators
By CommodityOnline   |  Jun 27, 2013 03:56AM ET
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Gold closed sharply lower on Wednesday and the low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near term. If it renews this month's decline, monthly support crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a short term low has been posted.

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Spot Gold May Trade Lower On Bearish Indicators
 

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Spot Gold May Trade Lower On Bearish Indicators

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