GOLD retains its negative movement, reaching levels of support 1202 dollars, which is 61.8% Fibo retracement of the diagonal and support. Levels are good to purchase, but only after the signal for a new bullish momentum because passing under 1202 will deepen the downturn.
Buy signals can get such as formation of an internal bar, intersection indicator 0 through bottom-up, or a moving average crossover 7 and 30 periods. Yet, it indicates a high probability of decline.
The foundation has so far against gold, central banks tightened monetary policies are likely conflict in Ukraine to decide.