EPIC GOLD TREND FOR TODAY 14-MAY-2013

**Admin** Tue May 14, 2013 4:46 pm

Gold trading range for the day is 26594-27018.
Gold dropped as stronger U.S. retail sales data inspired economic hopes and reduced the safe-haven bid for gold.
Gold shrugged off Chinese data which showed output growth quickened in April, but still missed market expectations.
India Apr gold import up 138% at $7.5 bln vs $3.1 bln yr ago
Gold is trading below 50DMA, which is at 28166, now intraday gold is holding support at 26594 and resistance at 27018.

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