Review the movement of the GOLD yesterday : Gold opening at 1588.80 .The movement price begin with strengthening to 1590.60 then down until 1587.70 then up to 1595.70. After price fall down again reached their lowest point (1585.10) ,it retraced up to highest point at 1599.60. Gold is closed at 1593.20 (instaforex server).
2. Trend analysis today with sma system:
sma 16 as short term trend indicator= down
sma 96 as medium term trend indicator= down
sma 480 as long term trend indicator = down
So the trend is down strong.


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