magnans
Short

Golden Cross on Gold in 120min

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is consolidating above the 1117-1118 resistance (go to "Gold should resume its fall" to see previous analysis), that could make us think it's not going to slip further into dips this week.
However, in 120, we can see a nice Golden cross (50,100 and 200 MA crossing) that is saying "SELL!!!"

If it breaks 1117, we could see gold touch 1100 by the end of the week.
This pivot point should be crucial for next investment decisions on Gold .

To be continued...
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