Down trend on Gold
If you have a look at gold on a daily time frame we will see that it had induced buyers into the market.
from the low of Nov/Dec, on the5th Jan 2020 it form the 1,2,3 pattern which is reversal pattern.
This indicating that it is now in a Bearish market.
Gold will be selling for the long term. possible last take profit will be 561.10.
If we have a look at the DXY we will see that it will do a strong push to the upside this pushing gold down.
Thank you for taking the time to look through my analysis.
from the low of Nov/Dec, on the5th Jan 2020 it form the 1,2,3 pattern which is reversal pattern.
This indicating that it is now in a Bearish market.
Gold will be selling for the long term. possible last take profit will be 561.10.
If we have a look at the DXY we will see that it will do a strong push to the upside this pushing gold down.
Thank you for taking the time to look through my analysis.
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