Gold Technical Analysis: Bullish divergence on the momentum indicators

Technically, bears can look to break below 200-DMA around the confluence of 1249/50% Fibo area.
There is bullish divergence on the momentum indicators such as RSI and stochastics.
On the upside, bulls will need to get and stay above 1275 and then 1280 before 1303 with a look in at 1308 (61.8% Fibo) and the trendline resistance.

Ross J Burland FXStreet

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Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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