November 24, 2016

GOLD Chart update

  • Gold continues to show bearish price structure in 4 Hour time frame. New lows are being formed. Gold bears will remain strong below 1200 levels. Gold bulls need to stay above 1200 and 1220 levels for a reversal to start.
  • The weekly support levels discussed yesterday continues to be valid. If gold bulls manage to stay above them a reversal is possible. Gold bears need a close below Weekly cloud to extend gains.

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