GOLD 26.07.2017
Our Expectations: We expect gold to continue its decline after the price has failed to break the resistance at $ 1258.59 and has returned.
Alternative scenario: If the price returns above the diagonal and horizontal resistance and the 50.0 on the Fibo, we may see a new upward impulse.
Comment:
Break below levels of diagonal and horizontal resistance
Price below 50SMA
50SMA under 200SMA - Bear Formation
Break below Fibo level 50.0
DeM (14) rotates close to a supermarket market
SL: 1260.30
Junior Trader Stefan Panteleev
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