Gold Morning Technical Report 25/7/2014
ecPulse
2014-07-25 08:09AM UTC
Linear Regression Indicators are showing another negative divergence, as the metal is trading below 50% correction at 1292.60. Stability below the referred to level is negative and could extend the downside to touch 1285.15 and 1280.25 at 61.8% correction.
The classic bearish possibility remains valid by trading below 1305.00. But intraday today, the price should stay below the psychological barrier 1300.00 to strengthen the bearish possibility.
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