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Gold Rallies Despite USDX’s Jump

MultiBank Exchange Group
By MultiBank Exchange Group

The Gold rallied and resumed the Friday’s rally. Is challenging the first warning line (WL1) of the major descending pitchfork, a valid breakout will attract more buyers. However, a rejection will send the rate towards the first warning line (WL1) of the major ascending pitchfork. It could drop again on the short term if the dollar index will stabilize above the 92.49 static resistance.

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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