Gold - Technical Analysis: Monday, 01/12/2014 15:43 GMT

Sharp positive rally allowed Gold price to recover last Friday’s losses and also today’s opening losses, with signs of a double bottom pattern after bouncing from today’s lows.

This pattern will be confirmed by breaching 1207.65 level, and has the chance to push the price to go for more gains, supported by the bullish trend that stochastic shows.