Gold Morning Technical Report 17/9/2014
ecPulse
2014-09-17 07:09AM UTC
The metal failed yesterday to stabilize above the previous bottom 1240.22 and remained below it. Linear Regression Indicators are still negative, and despite that AROON is showing weakness in the bearish strength, the indicator is still showing that negativity is stronger than the positive signals.
Therefore, we hold on to our negative expectations, but its significant to break 1226.00 represented in 113% correction showing on graph in order to confirm the continued effect of bearking the sideways range showing above.
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