Gold is testing support

The latest price of gold low to the north. These increases are, however, significantly slower than previous downturns and is located in tillväxtkanalen.

For the first time since september 2011, breaking the course of the descending trend, but the growth can only reach the april highs, in which a dubbeltopp formation was formed.

Since then we have seen downs. The price is now below the declining trend line.

The market is testing the support level around 1260,00. Broken level, we can expect further declines, even in the vicinity of the lower limit.

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