Confirmation of a turn

As you know in the previous ideas I pointed to the occurred turn in price of gold. Today it is possible to tell that the first confirmation in the form of crossing of lines in MACD and also overcoming the trend line is received down. Also I specified that the price shall continue to bargain in the wide range of 2070-1680. On the way to purpose 1680, there are stops 1915-1900 and 1860-1830 from which it is possible to expect short-term corrections.


Information provided is only educational and should not be used to take action in the market.
GoldgoldshortTechnical IndicatorsTrend AnalysisXAUUSDxauusdshort

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