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Gold Very Heavy

MultiBank Exchange Group
By MultiBank Exchange Group

The yellow metal was rejected by the first warning line (WL1) of the major descending pitchfork and now could ignore the support from the warning line (WL1) of the ascending pitchfork. Gold has made a false breakout above the 38.2% retracement level and now is expected to reach the 50% level again. Only a valid breakdown below the SL will confirm a broader drop.

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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