Gold should resume its fall
With the equity market rebound, gold should continue its fall.
Additionally to my previous analysis on gold ("Is gold still a Safe Haven?"), I put a confirmation line which I think if it's broke, XAUUSD should fall more rapidly (see Indicators are almost giving a signal to sell, RSI almost below 50, crossing of the MACD and stoch lines and DMI should restart increase above 23-25, reflecting the power of the fall..)
To be continued...
Additionally to my previous analysis on gold ("Is gold still a Safe Haven?"), I put a confirmation line which I think if it's broke, XAUUSD should fall more rapidly (see Indicators are almost giving a signal to sell, RSI almost below 50, crossing of the MACD and stoch lines and DMI should restart increase above 23-25, reflecting the power of the fall..)
To be continued...
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