Gold Inches Higher
ICN.com | Oct 02, 2014 05:08AM ET
Gold inched higher after failing to break the psychological barrier 1200.00 yesterday in addition to the U.S. economic data released, as we notice a positive signal on MACD and RSI is trading in a bullish bias. Despite that, the price is still stable below the resistance of the downside move, and 1226.60 levels still holds in front of the upside move.
Trading below 1226.60 forces us to keep the negative expectations for today, but breaching it and stabilizing above it could retest 1240.25 levels at least.
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