Gold Morning Technical Report 21/11/2014
ecPulse
2014-11-21 07:57AM UTC
The metal stabilized above 23.6% correction at 1181.80 showing on graph. Stability above the refered to level is accompanied by stability above Linear Regression Indicator 34 and 55. Trading above the referred to level 1181.80 keeps the possibility of extending the upside move attempting to touch 1213.05 represented in 38.2% correction.
RSI is trading above line 50 and MACD signal lines is still trading in an upside move, indicating that the possibility of extending a the bullish correction. Only a break below 1176.75 weakens the positive expectations today.
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