Gold Morning Technical Report 26/11/2014

he metal inched higher in Asian trading today and is trading now around 1200.00. Stability above the referred to level favors extending the upside move towards 1213.05, whereas the latter represents 38.2% correction showing on graph. From the downside, stability above 1181.85 keeps the positive possibility, but intraday today, we will depend on stabilizing above 1190.00 to keep the bullish possibility.

Linear Regression Indicators are trading positively, and MACD signal lines are attempting to breach line zero to the upside which support the possibility of extending the upside move.