Gold attempts of restarts.
After the breakout area of 1,300$ -1310$, this commodity tries to reconstruct a new start up.
We provide these indications the price movements, indicating a weak reconstruction of long positions in the area 1,250$ -1,270$. The exponential moving averages converge in this area, providing a second but important signs of this weakness.
If there are new movements upwards, a major obstacle would be represented precisely from the old breakout 1300$ -1310$, where a good part of the operators would try to implement new sales.
After the breakout area of 1,300$ -1310$, this commodity tries to reconstruct a new start up.
We provide these indications the price movements, indicating a weak reconstruction of long positions in the area 1,250$ -1,270$. The exponential moving averages converge in this area, providing a second but important signs of this weakness.
If there are new movements upwards, a major obstacle would be represented precisely from the old breakout 1300$ -1310$, where a good part of the operators would try to implement new sales.