Gold - Technical Analysis: Monday, 23/03/2015 08:04 GMT

Gold price fluctuates around the descending channel’s resistance, keeping its stability below this resistance and below the previously broken support line of the bullish trend.

Stochastic and MACD indicators are negative, supporting resuming the bearish trend, and the price needs to break 1177.00 followed by 1168.00 to confirm the continuation of the bearish bias.