Spot Gold : Technical Analysis 17/9/2014

The bullish attempts remained limited below [1240-45] which represent a previous bottom that turned now to resistance. Stability below the referred to level back the negative possibility. The next chart is a closer view of GOLD that shows the projection of the corrective Wave [a] [b] [c] in case Wave[a] equals Wave[c].

GOLD could reach -1190-95.

By Theodoros Batsoulis, Technical Analyst