GOLD confirmed a positive closing on Friday while remaining interior the previous day’s range. Today it broke the support of the inside day suggesting an extension of the decline toward the support line at 1685,50!! The weekly closing was weak, below the low of the previous week supporting lower level and a formation of a m/t top!!!!!!
The indicators of the daily chart are well negative as well as those of the weekly one supporting further weakness. Bullish divergences in the s/t chart confirm the negative tone.
We expect a test of the support line.
Stay short moving the stop to 1741,50!!
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FUTURE TREND RESEARCH