Gold edged higher with the beginning of 2015, and the upside move took it to trade above the resistance of the downside move and above Linear Regression Indicator 34, while trading above them is positive. In fact, trading above 1181.85 is positive this week and stabilizing above it triggers a new attempt to breach 1213.05 and move towards 1238.25 again. From the downside, breaking 1181.85 and stabilizing below it pushes the price towards 1159.20 at least, and breaking this level gets the price into a new bearish wave that targets the previous bottom 1131.40.
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Support	1195.00	1190.00	1181.85	1168.00	1159.20
Resistance	1200.00	1205.00	1213.05	1220.00	1226.60
Recommendation	Positive expectations above 1195.00, risk-limit below 1180.00.

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