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Breakthrough in Gold?

From goldpriceforecast.com

Tuesday’s decline and its “implications”. In today’s gold price forecast, I decided to share with you my insights from yesterday’s Quick Gold Alert. Have a nice read! Let’s start today’s Quick Gold Alert with the 4-hour chart and quotes from yesterday’s alert: (…) So, when can we expect a bigger move to the downside? In my opinion, a bigger decline will be more likely and reliable only if the sellers manage to close the day under the above-mentioned green support area and the next support zone about which you could read on Thursday: If the bulls fail here, we can see a test of the 38.2% Fibonacci retracement (based ... (full story)

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  • Category: Technical Analysis