EPIC GOLD TREND FOR TODAY 28-MAY-2013

**Admin** Tue May 28, 2013 4:15 pm

Gold trading range for the day is 26308-26558.
Gold extended gains from last week to move mildly higher as reports of central bank buying boosted sentiment on the precious metal.
Russian holdings rose 8.4 metric tons to 990 tons, while Kazakhstan’s central bank purchased 2.6 tons to take its total holdings to 125.5 tons.
Physical demand for the metal remained strong in Asia, where premiums for gold bars hit a record high amid tight supplies last week.
Gold is trading below 50DMA, which is at 27294, now intraday gold is holding support at 26308 and resistance at 26558.

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