FORECAST BY MARIUS GHISEA – Gold (September 7-11)

According to the 8 hour chart, the price of Gold is in downtrend. It breaks out the 1122 level, in order to go in the medium term at 1100.

Gold Forecast-page-001

The stochastic  oscillator on the daily chart indicates also a downtrend for Gold. The price of Gold will continue to fall around 1100. The MACD is also a confirmation for the downtrend.

Gold forecastdaily-page-001

Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ( Go to Ghisea Marius Facebook group >>> )
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