Sospriceaction

Gold tried a weak restart

FX:XAUUSD   Gold / U.S. Dollar
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.
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