Gold Morning Technical Report 22/8/2014
ecPulse
2014-08-22 07:22AM UTC
The metal is still trading in a bearish bias and is approaching the key support level showing on graph around 1268.00 - 1262.00. 1262.00 levels will be a significant interval today, whereas stability below it fails any bullish attempt and continues to move to the downside. Targets for today only reside around the mentioned level.
From the upside, stabilizing below 1296.60 is the main catalyst to keep negativity. But intraday, stability below 1285.15 is required to keep the negative pressure intraday today.
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