Expecting more downward movement for GOLD, at least until 14 Dec FED decision
Within this trend since US Elections, failed to break 1200, or said otherwise, it is still experiencing election shock.
Formation of a bearish 4h hammer.
RSI mainly below 50, MACD below 0
Respects 23.60% Fib level since beginning of month
Nothing suggests bullish GOLD.
Set stop loss at break of trend line and Fib.
Within this trend since US Elections, failed to break 1200, or said otherwise, it is still experiencing election shock.
Formation of a bearish 4h hammer.
RSI mainly below 50, MACD below 0
Respects 23.60% Fib level since beginning of month
Nothing suggests bullish GOLD.
Set stop loss at break of trend line and Fib.
