The price of gold has given a sell signal at the price 1,647.4 after a powerful move to the upside that has resulted in a significant profit since the buy signal on the 13th at the price $1,572.

It looks like the price of gold has stopped its march higher just below the $1,700 level. At this moment the price is not close to levels where a sell signal can be created, buy the indicators are raising quickly along whit the price, so at some point the bulls

The price of gold is continuing higher in a forceful move and has now surpassed the $1,600 level. Sellers can be expected to show up if the price goes below that level during today’s session.

Gold is turning higher again after a failed sell signal that resulted in a loss of 4.5 point. The buy signal is recorded at $1,572.

The signal system is suggesting that the price action in the gold chart will be downwards after a sell signal has been presented at the price 1.567.6

The price of gold is slowly moving higher after the buy signal on Thursday. At the moment the price action has to continue above the levels of 1,565 for the buy signal to remain intact.