The price of gold after the establishment of the high at 1315.00 began to slide and thus fell under the 20-period moving average, a part of the Bollinger Bands.
The bands widened, and today the price touched its outer side. Currently, there is a correction, which is already near the resistance area located near the horizontal level at 1288.00, but also the aforementioned 20-period moving average.
If at this point there would be a convincing signal of a potential return to the falls, you can expect that the price continues yesterday’s move and will to further landslides.
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