Gold - Technical Analysis: Monday, 08/12/2014 07:50 GMT
The price stability above the retesting level of the breached descending channel’s resistance, and negotiating the exponential moving average 50 now.
On the smaller time frames, a double bottom pattern is being completed – the minor image-, and waiting to motivate the price to rise a breach the most important resistance at 1207.65.
Trend
Bullish