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11/12/2018 12:29:41 AM

Gold - Technical Analysis: Monday, 12/11/2018 05:29 GMT



This report is sponsored by Adax.ae

Gold price decline after the second test to 38.2% Fibonacci correction level indicates the strength of the current bearish trend, and surpassing 1208.50 will push the price to visit the previously recorded low at 1160.00.

The consolidation below 1238.50 is important to continue the expected bearish trend.



adax


Target
Risk


Support
Resistance


Trend Bearish

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