Gold: Remained Stable Above 38.2% Correction
ICN.com | Oct 20, 2014 03:53AM ET
Despite that the bullish wave stopped last Thursday and Friday, the metal remained stable above 38.2% correction most of the time at 1236.15 showing above. Trading above the referred to level is positive and could trigger further bullish attempts. Linear Regression Indicators and MACD are positive. RSI is trading above line 50 which forces us to think that the price will try moving to the upside this week to test 1269.15.
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