XAUUSD Short Scenario - #eToro

31 maj 2013

There are too many opinions about Gold. But the monthly and weekly chart give us help, particularly now that we are at the end of the month and the monthly candle is going to be closed. There was a fall in the last month to 1321.59 and after the price moved up over the resistance 1452.90. This month there was a new fall down but the price is still under the resistance. This can be considered as a bearish signal (of course will be necessary other signal for the confirmation) for the long term. It's difficult say in the price will stay in the area 1453.90-1309.99.

The analyst has been always a large mouth to talk too much and manipulate markets but in reality facts are really important.