Gold reached week resistance

Hi everyone! In the last idea I waited for the movement down gold. However, instead the price overcame strong resistance and at many stop loss just worked. Now the price reached the week resistance from where the start of motion is possible down. I continue to wait for reduction of price. As there are no bases for change of a long-term bearish trend yet. The purposes on decrease old (the first was reached earlier).

Information provided is only educational and should not be used to take action in the market.

Komen:

Also reached level coincides with level 0.5 according to Fibonacci.

Komen:

Following intermediate purpose 1700.

Komen:

Overcoming a local trend line (green color) will be additional confirmation of the idea.