EPIC GOLD TREND FOR TODAY 27-MAY-2013

**Admin** Mon May 27, 2013 4:50 pm

Gold trading range for the day is 26111-26685.
Gold dropped as some players exited positions ahead of a long U.S. weekend
Comments from FED official that dampened talk U.S. central bank is set to curb monetary stimulus also underpinned prices
SPDR Gold Trust, said its holdings dropped by 2.41 tonnes to 1016.16 tonnes.
Gold is trading below 50DMA, which is at 27369, now intraday gold is holding support at 26111 and resistance at 26685.

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