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Gold Slips Lower

MultiBank Exchange Group
By MultiBank Exchange Group

The yellow metal drops further on the short term and closed the former gap up. Is under selling pressure on the short term as the USD has managed to increase versus all its rivals. A further USDX increase will send the Gold towards the $1307 per ounce, where we have an important static support. Support can be found at the warning line (WL1) as well.

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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