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Gold Technical Analysis

Fresh 8 month lows overnight saw gold come close to the 2014 low with overall focus

The rally that dominated for the majority of last week came to an end on Tuesday

The period of choppy trading continues for Stoxx50 with it having bounced from

The $1242.7 level remains key resistance with bulls needing a close above to confirm an easing of bearish pressure.

The break and close above the previous $94.12 resistance level has confirmed a break of the long term

After having recently flirted with the 100-DMA (3198.0) Stoxx50 managed a close below Monday

The $1242.7 level remains key resistance with bulls needing a close above to

Once again the contract was unable to capitalize on a close above the 21-DMA ($92.53) with

Stoxx50 dipped marginally below the previous 3190.7 support before recovering some lost ground.

The $1242.7 level remains key resistance with bulls needing a close above to

Once again the contract has not been able to capitalize on a close above the 21-DMA

Volatile sideways trading continued for Stoxx50 with it dipping back towards 3190.7.