Gold – Technical Analysis (12.11.2014)
Our expectations for a continuation of gold’s rally were not fulfiled yesterday. Bullion’s progress was stopped short at $1177.20 and selling pressure dipped the precious metal to a session low of $1146.10.
Our stance on gold is neutral until either the $1185 reistance, or the $1130 support is breached. This will give insight about bullion’s next move.
