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Gold Analysis 28 November 2017
The dollar currency continue move down last week because it doesn’t has new support and last Friday USA stock markets is close.
Technical analysis of dollar index is making divergent on time fame 1 hour chart and 4 hour chart that is reversal signal period 1-10 days. If we mix technical and fundamental is the same direction because Jennet Yellen comments about hike interest rate on December that relate with technical making reversal pattern. Gold price movement make a pattern is Bearish Shark Pattern and price movement go down is 1277
So we recommend open short position about 1294 and close order at 1283-1277
The dollar currency continue move down last week because it doesn’t has new support and last Friday USA stock markets is close.
Technical analysis of dollar index is making divergent on time fame 1 hour chart and 4 hour chart that is reversal signal period 1-10 days. If we mix technical and fundamental is the same direction because Jennet Yellen comments about hike interest rate on December that relate with technical making reversal pattern. Gold price movement make a pattern is Bearish Shark Pattern and price movement go down is 1277
So we recommend open short position about 1294 and close order at 1283-1277
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