Gold: Bullish Attempts Remain Limited Below 1240.22
ICN.com | Sep 16, 2014 05:16AM ET
The bullish attempts remained limited below 1240.22 which represent a previous bottom that turned now to resistance. Stability below the referred to level brings back the negative possibility especially that Linear Regression Indicator 34 is close to it. Despite the weakness in the bearish strength as showing on AROON, it doesn't affect extending negativity.
From the downside, breaking 1226.60 is significant to confirm extending the downside move, while any bullish attempt should remain below 1252.20 to keep negativity valid intraday today.
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