Gold - Technical Analysis: Tuesday, 18/08/2015 06:26 GMT

Gold price completed forming a rounding bottom by breaching 1109.00 level, to head towards achieving intraday gains, supported by the exponential moving averages 50 and 100, and the first target is located at 1140.00.

Stochastic is negative now and might push the price for some temporary fluctuation before turning back to rise, and we should note that breaking 1109.00 will put the price under the negative pressure again.