Gold retests - Technical Analysis - 03/09/2015

Gold price retested the previously broken bullish trend line, and the price still negative, waiting for more decline in the upcoming period, as it falls under continuous negative pressure coming from the exponential moving averages 50 and 100.

The waited targets reach towards 1070.00, noting that breaching 1140.00 followed by 1153.00 will stop the expected decline and lead the price to rise.