Gold Trading Remains Limited Below 1300.00
ICN.com | Jan 29, 2015 04:38AM ET
The yellow gold's trading remained limited below 1300.00 and holding below it pushed prices to trade again below Linear Regression Indicator 34 and 55. Trading below the referred to psychological barrier 1300.00 will be negative and could push the metal further to the downside towards 1263.45.
Of note, breaking 1263.45 is required to confirm the bearish extension. RSI is trading below line 50 and Linear Regression Indicators are negative now supporting the possibility of extending the downside move.
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