Gold Morning Technical Report 28/11/2014
ecPulse
2014-11-28 08:20AM UTC
The metal dropped yesterday and touched 1181.85 but without trading below it. The downside move worries us regarding the price's ability to stabilize above the psychological barrier 1200.00, but we cannot bet now on extending bearishness if breaking 1181.85 isn't confirmed.
Therefore, we prefer to remain neutral to monitor how the metal would react between 23.6% correction and the mentioned barrier at 1181.85 and 1200.00.
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