Gold - Technical Analysis: Monday, 20/07/2015 05:14 GMT

Gold price broke the horizontal support 1142.00, which puts the price under strong negative pressure that pushes trading to test 1100.00 barrier per ounce now, while holding below 1142.00 level will keep the negative pressure valid for the upcoming period.

The exponential moving averages 50 and 100 continue to push negatively on the price, to support continuing the bearish trend that its next target reach 1050.00 areas.