The price of gold in a falling trend

Summary of the week that has passed

After having gone in motståndszonen, respected the gold level of 1295 USD, and began to move south.

The price we reached an important price level at 1225 USD. After having reached this support occurred a volymspik and the price falls marginally. This may indicate the beginning of the accumulation process.

 

During the next week the price will probably reach the 61,8% FIBO at 1225USD and come back to 38.2% at about 1260 USD. The price should respect the resistance at this level and return to the downs, where the next contested zone will be 1215USD, followed by the 1190 USD.

 

 

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