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[QUOTE="bhanu545, post: 73740, member: 7126"]
[b]Gold Technical analysis for November 25, 2014[/b]

Gold price remains around the 61.8% Fibonacci retracement and is showing signs of strength as it is holding above the short-term support of $1,189 and is trying to break above the sideways consolidation targeting $1,220-$1,225 in the short-term.
[IMG]https://forex-images.instaforex.com/userfiles/20141125/goldh4.jpg[/IMG]
Black line = support 
Gold price remains above the Ichimoku cloud and above the black line support. As long as these two conditions are met, a short-term trend remains bullish. Important resistance is at $1,225-$1,230. Breaking above that level will put my longer-term bearish view in challenge. Critical resistance is also the $1,255 high. Breaking above that level will make me rethink of my bearish expectations for $1,050. Concluding, the short-term trend targets $1,225, breaking support of $1,145 will favor my bearish view for a move down to $1,050.

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