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    Gold More Downside In View

    MultiBank Exchange Group
    By MultiBank Exchange Group

    Gold drops further on the short term and should approach and reach the sliding line (SL) of the ascending pitchfork, where he may find support again. Price ignored the confluence area formed between the 38.2% retracement level with the warning line (WL1) and now could be attracted by the confluence area formed between the 61.8% retracement level with the sliding line (SL).

    MultiBank Exchange Group
    MultiBank Exchange Grouphttp://www.mexgroup.com
    Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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