Fri, Dec 27, 2024 @ 02:22 GMT
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Gold Should Drop Further

MultiBank Exchange Group
By MultiBank Exchange Group

The rate has dropped further and has resumed the bearish momentum. Technically, it should drop to reach and retest the sliding line (SL) of the ascending pitchfork after the breakdown below the 50% retracement level. Remains to see how will react when will hit the SL, a valid breakdown will confirm a drop towards the 61.8% retracement level.

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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