{video}Gold prices have been in a descending movement over the last couple of sessions, drifting below the 20-day simple moving average (SMA) and the 50.0% Fibonacci retracement level of the down leg from 2,074.89 to 1,676 at 1,875. Looking at the momentum indicators, the stochastic oscillator posted a bearish crossover within the %K and %D lines, while the RSI is diving into the negative territory. Moreover, the MACD is slipping beneath its trigger line, remaining in the positive region. In case the bears drive the market beneath the 1,855 support and the bullish crossover within the 40- and 100-day SMAs, the 38.2% ... (full story)