Gold - Technical Analysis: Wednesday, 31/12/2014 06:47 GMT

The price returns to show sideways trading with signs of ascending channel that might carry the price to achieve some gains.

The levels to be monitored: 1172.00 support and 1238.00 resistance, breaching one of them will offer clearer signals for the next trend.

A contradiction between the technical indicators reinforces the chances of continuing the sideways bias.