1) There is no clear evidence that long-term down trend is broken.
2) Most likely, currently we are at the intermediate side trend and at this moment we are moving to lower part of trading range.
3) Gold price did not maintained 1 300 USD support point and as prices moves lower attracts more and more sellers.
4) This is indicated by MACD, showing increased downward momentum.
2) Most likely, currently we are at the intermediate side trend and at this moment we are moving to lower part of trading range.
3) Gold price did not maintained 1 300 USD support point and as prices moves lower attracts more and more sellers.
4) This is indicated by MACD, showing increased downward momentum.