A technical look Short to medium term on XAUUSD gold
The $1400/$1410 barrier is strong resistance since August 2013
Looking closer to the current medium- to short-term moves(H1 time frame) we notice a decline in the positive bullish momentum
And a relative slowdown in the pace of the rise - especially the recent wave
This supports the notion of a bearish rebound even if it is correct towards 1380 levels
Looking closer to the current medium- to short-term moves(H1 time frame) we notice a decline in the positive bullish momentum
And a relative slowdown in the pace of the rise - especially the recent wave
This supports the notion of a bearish rebound even if it is correct towards 1380 levels