Gold Morning Technical Report 18/12/2014

ecPulse
2014-12-18 08:15AM UTC

Levels 1181.85 stood still against the bearish attempts yesterday, and the metal is trading today around the psychological barrier 1200.00 again. The metal should breach 1205.00 to confirm extending the upside move towards 1213.05, and breaching it triggers a new attempt to test 1238.25 then 1263.50.

 

From the downside, breaking 1181.85 fails any bullish attempt, and testing 1159.20 becomes valid.

 

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