


HoldOn
this pair now at top of the descending channel as well as the RSI at overbuy zone. pay attention to this pair as more than 250 pips can be catch.
Price of gold went down from 1238 to 1184.50 (Fibonacci level 50% and retract back to 38.2%. The price shall go down again after this retractment
The candle almost reach the resistance of the descending channel. While RSI also climb up to overbuy zone. This is a good chance to short once the candle bounce from the channel resistance. Lets wait and see.
This pair was ranging from October with ascending triangle. At the end, price may go up or down. However this still too early to judge. From 19 Nov, price was down from major resistance 0.83 to ascending support level and retract to level 50% of Fibonacci. Since the price unable to break 50%, I suggest the price will down again to the ascending support level...