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  1. Gold Prices: weekly bearish ranging below 50.0% Fibo resistance level

    by , 01-13-2016 at 04:33 PM
    Weekly price is located below 200 period SMA and 100 period SMA for the primary bearish market condition:

    • The price is on bearish ranging within 50.0% Fibo resistance level at 1119.33 and Fibo support level at 1046.23.
    • Descending triangle pattern was formed by the price to be crossed for the bearish trend to be continuing.
    • "After bursting up to a new higher-high of $1,113.03 after NFP last Friday, prices have been pulling back. That pullback may have just found support
    ...