Gold prices were unchanged but during the week the yellow meta | Gold vip signal

Gold prices were unchanged but during the week the yellow metal slipped through trend line support near $1,789 and poised to test the November lows at 1,764. A break of this level would lead to a test of the June lows at 1,667. Resistance is seen near the 10-day moving average at 1,811. Short-term momentum has turned negative as the fast stochastic generated a crossover sell signal. Prices are oversold. The current reading on the fast stochastic is 12, well below the oversold trigger level of 20 which could foreshadow a correction. Medium-term momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses below the MACD signal line the 9-day moving average of the MACD line