GOLD Upside Paused

Gold dropped in the morning, even if the Kiwi and Aussie increased versus the greenback. Could come back to retest the broken 38.2% retracement level before will climb much higher on the daily chart. Maybe will consolidate above the static support (resistance turned into support) because needs to recapture more directional energy.

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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