Gold Morning Technical Report 19/12/2014
ecPulse
2014-12-19 07:29AM UTC
The metal pushed higher yesterday touching 1213.05 before moving back to the downside, but is still limited below above the key resistance of the downside move as showing on graph. Technical indicators are showing weak signals in trading due to the current volatility.
A new attempt to breach 38.2% at 1213.05 is possible, but extending the upside move requires breaching this level. From the downside, breaking 1181.85 brings the negative pressure back and could trigger new bearish waves.
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