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FUNTRADER-Vera
29 nov 2019 08:12

2911 Monthly chart 3/8 Gold is correcting down could reach 1375 Short

Gold/U.S. DollarFXCM

Descrizione

Well, on the last trading day of Nov, lets check pairs on monthly chart to find out more clues.

On this monthly chart of GOLD , we could see a very high possibility for gold to retrace down to 1375 from now to the first few months of 2020.

The blue zone has changed from resistance zone to support zone . C position is seemed as the end of ABC wave and also a very possible monthly channel refection point.

GOOD LUCK!!!

Commento

The sideways movement on monthly has not finished yet.
Now we are still worry about the trend will send gold up to 1560 again.
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