You can see in the above graph that the support line at $ 1451 is currently stable, the gold is back up and once it has reached a resistance line (the average line moves 200), judging by the previous time the gold touched the above line we will have a drop of gold immediately, the question is how much?
Our theory can be reinforced with the Stochastic that came to Overbought and this usually leads to declines.
We choose a relatively close destination at $ 1466 and we will keep following!
Our theory can be reinforced with the Stochastic that came to Overbought and this usually leads to declines.
We choose a relatively close destination at $ 1466 and we will keep following!