Gold entered into the upward channel since almost a month, up to 1347 U.S. dollars, the highest level within the channel, and fall back to below 1314 $ to the nearest support line
RSI gives a sell signal, after breaking the upward trend line indicator line level session as shown, and in addition to that there Trend landing began forming since the beginning of the week. Is also an indicator, bearish divergence between him and the price of gold, which gives additional sell signal for gold
It possible to see gold drop to the level of $ 1,300, this price level is a line of technical support, moral and traders, which is meant that the refractive price of this line will be a strong signal to them, and, if broken, will be the first target price is the minimum font of the channel any 1284 $. And otherwise the price can rebound towards the main resistance line any 1347 USD
Support lines ($): 1300, 1267.1240
Resistance lines ($): 1347, 1358
RSI gives a sell signal, after breaking the upward trend line indicator line level session as shown, and in addition to that there Trend landing began forming since the beginning of the week. Is also an indicator, bearish divergence between him and the price of gold, which gives additional sell signal for gold
It possible to see gold drop to the level of $ 1,300, this price level is a line of technical support, moral and traders, which is meant that the refractive price of this line will be a strong signal to them, and, if broken, will be the first target price is the minimum font of the channel any 1284 $. And otherwise the price can rebound towards the main resistance line any 1347 USD
Support lines ($): 1300, 1267.1240
Resistance lines ($): 1347, 1358
