Gold continued downward trend.
Almost confirmed this when gold prices can not pass the upper trendline and resistance at 1200 (former support) has a price good to short gold.
Right now the price of gold is in the pattern and we see RSI supported the gold prices may continue to fall, and likely will break the old bottom in 1160, in the long term.
However, we still do not exclude the possibility that the price may break the resistance at the top, and advance to a new uptrend.
My job is still to follow prices, react to it, and make money.
Almost confirmed this when gold prices can not pass the upper trendline and resistance at 1200 (former support) has a price good to short gold.
Right now the price of gold is in the pattern and we see RSI supported the gold prices may continue to fall, and likely will break the old bottom in 1160, in the long term.
However, we still do not exclude the possibility that the price may break the resistance at the top, and advance to a new uptrend.
My job is still to follow prices, react to it, and make money.
