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

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