Gold Morning Technical Report 27/11/2014
ecPulse
2014-11-27 07:49AM UTC
After failing yesterday to break 1190.00 and stabilize below it, the metal rebounded to the upside during Asian trading today and the beginning of the European session. Trading above the referred to level is positive and pushes the price further to the upside. MACD and RSI tends to be positive supporting the expectations of further bullishness.
We currently target 1213.00, but today, the main catalyst is stabilizing above the referred to 1190.00, while breaking 1181.85 fails the downside move.
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