GOLD D1 - testing local support

TVC:GOLD   CFDs on Gold (US$ / OZ)
GOLD market since second half of December moves north. These increases are significantly less dynamic than previous declines which began in result of last year’s presidential elections in the United States and are trapped within bullish channel edges.

Although, as a result of the last growth impulse, at the beginning of June this year pair for the first time in history has beaten the line of bearish trend line drawn from September 2011, the subsequent upswing reached only high from April, where after bearish reaction graph formed a double top formation.

Since then, we see declines as a result of which the gold price has fallen again below downward trend line .

Currently market is testing local support around 1260.00, which could lead to further declines even in to the resistance of growth channel.
Sprawdź największy polski portal traderski - i dołącz do najbliższej edycji konferencji FxCuffs 2018 już w marcu! Do zobaczenia w Krakowie!


like i said its dropping like the motherfucker
Might be dropping down to 1220 check my chart MXN looks very same pattern!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out