Gold Morning Technical Report 1/10/2014
ecPulse
2014-10-01 07:08AM UTC
We witnessed a daily closing below 1211.90 at 127.2% correction as showing on graph. Stability below the latter is negative and could extend the downside move today in an attempt to break the psychological barrier 1200.00 then move towards the suggested targets 1182.45 and 1175.40.
Linear Regression Indicators are negative supporting our expectations. Moreover, despite RSI touching line 30, its not showing any positive signal.
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