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2/9/2015 2:26:43 AM

Gold - Technical Analysis: Monday, 09/02/2015 07:26 GMT



More decline affected by a minor double top pattern that pushed the price to approach more from the previously breached neckline of the main inverted head and shoulders’ pattern, with attempts for bullish rebound now to resume the positive effect of this pattern.

Stochastic is positive and supports the waited bullish bias, and breaching 1260.00 will offer a strong positive motive to support achieving more gains.


Target
Risk


Support
Resistance


Trend Bullish

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