CFD Oro (US$/OZ)Short
Where is gold going?
Gold shows some bearish signals and a potential bear run, the MACD fast MA crossed the slow MA coupled with the RVI cross in the same direction. However, because the RSI is at ~33, indicating that it is being sold at high levels (also shown in the bear volume) I believe that gold will continue to see its price fall for slightly longer before we see a surge of bull volume in attempt to maintain support levels and then the bears take over once again. Best guess, gold will test a resistance at $1337 but will not break it.
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