Gold momentum is downards

Russell Shor, CFTe, MFTA FXCM

Gold is looking tentative. It is currently trading in a congestion area which is likely to act as resistance (green rectangle). Moreover, it looks to be moving down and away from the central pivot (P). This has been accompanied by a hinge down in the stochastic (green ellipse).

Author

Russell Shor, CFTe, MFTA

FXCM

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

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