Gold Hanging on to a Rising Trendline Support at 1200

[John David]

The daily chart above shows that price is testing a rising trendline as it flirts with the 1200 handle. While the downtrend in February has been persistent, we still have a bullish structure if price can hold above the rising trendline from November 2014’s low around 1130. http://www.fxpips.com/gold-hanging-rising-trendline-support-1200/