Gold still consolidating downwards.

15 дек. 2019 г.

Gold is still consolidating downwards to test the key support of 1420 and possibly 1411 and if its holds above this level,expect that dip to be bought,and as usual ,gold do definitely find large buyer's on dips.With global uncertainty and the ongoing trade war between the two worlds largest economy ,US and China,gold would very much climb higher in the coming year 2020.its much better to trade on the higher time frame of daily weekly and the monthly. The monthly timeframe is king and I still have short positions since 1556 with take profit at 1420 and 1411 respectively..Short on the higher timeframes.