This is a simple analysis that I've put together for Gold
, price is rejecting at key level where price rejected a few days ago and we are are also currently at trend line
resistance. The MACD
Indicator is also very close together and looks as if a crossover is going to take place but this we cannot predict. I'm expecting gold
to drop down to around the 1290.00 level and either break through and continue dropping to around 1280.00 or perhaps find support and continue rallying upwards.If we see a breakthrough of the 1302.00 Level I will be looking for buy opportunities at the retest.
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