gold followed the breakup of the trend line

GOLD

The recent fall of gold followed the breakup of the trend line that took place on June 23. The price fell to the level of short term support just above 1510, falling close to the exponential moving average (PME) for 50 days. Currently moving averages crossed and, in fact, the 50-day below the 200 days, this being a significant sign that investors took control of negative expectations. The price dropped quickly to touch the support area of ​​1475-1480, before rebounding slightly, but is expected to continue falling, at least in the short term.