Gold: Fluctuated Heavily Yesterday
ICN.com | Nov 20, 2014 02:55AM ET
Gold fluctuated heavily yesterday and ended trading below 23.6% correction at 1181.85. Today, the price moved back to the upside and traded above Linear Regression Indicators. Despite stabilizing above the referred to 1181.85, but we need more confirmations on the bullish return, whereas touching below 1176.75 yesterday cancelled the positivity that almost showed on Linear Regression Indicators.
Hence, we remain neutral waiting for a confirmation signal. Breaching 1200.00 and stabilizing above it could bring positivity back again, while failing that and breaking 1176.75 brings negativity back again.
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