Gold Price Declines And Fails To Breach Through 1062.00

December 8, 2015

New York (Dec 8)  Gold declined yesterday and it couldn’t breach through 1062.00-Fibonacci of 113%- while trading above 1050.00 psychological and 1045.00 technical support is positive.

However, trading stabilizes below moving averages, but we prefer to hold on, as RSI trades below 50.00.; thus, we need more confirmations.

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