GOLD, strong pressure continues!

gold monthly

Gold can’t catch the breath, the selling pressure is huge. You can see at my chart, that monthly MA100 at 1215 has blocked the gold on every attempt to recovery in the last 5 months. On the way down, 1131, the low from November 2014. which is low of the last 5 years as well, is the last support before furder decline toward 1080 > 1035 > 1000. It looks like that it’s nobody’s interest that the price of gold rises and it’s possible that it will continue to fall until the end of the year. In the last 5 months, gold is calm in a tight range, there was no stronger moves, could we finaly see some real action here? The precious metal has become too booring!

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