Gold forming a strong cup and handle reversal, watch for the dro

30 янв. 2018 г.

Gold has formed a really strong cup and handle reversal with our 1st resistance at 1344 (Fibonacci retracement, horizontal overlap resistance) and a strong reversal could occur at this level to push price down to at least 1325 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).

RSI (55) has made a bearish exit signaling that further bearish action could be expected.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.