GOLD is not ready to grow. False breakout

1月13日

GOLD tested the descending resistance, formed on the background of changing fundamental situation since last year. False break of the resistance confirms the weakness of the buyer at the moment and it can become the reason of a small correction. There is no key trend and based on this we can say that the market is neutral.

Scenario: False break of resistance should be confirmed, for example by consolidation. If the price can consolidate below the descending resistance in the zone of 2685 or below the local level of 2680, the market may provoke a sell-off of the previously formed growth and bring the price to 2665.

1月14日

交易开始

Gold has consolidated in the short-zone after a false breakdown of resistance. Selling is intensifying