GOLD: Our expectation: possibility for new downgrade impulse and testing the support levels around 1287, Stop Lost at 1317.50.
Alternative Scenario: If the price break the level around 1317 this will give us a signal for a new upgrade impulse.
Comments: The medium-term price is in downgrade trend: forming a lower bottoms and a lower highs.
Correction to levels of resistance at 1316 - Previous high.
Pin bar and on resistance levels - signal for possible short.
The moving averages are still in downward formation 15 EMA is below 35 EMA.
CCI (50) passed below 0.
DeM went below 0.7 - negative signals.
Stefan D. Angelov - Head of Stocks Trading.
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