Gold has almost hit the #2,618.80 Support (posing as an Support on November #21 - November 28 configuration) and struggled to get past it. However unless it gives away / gets invalidated, I can't call for a continuation of a downtrend, even though the dominant Hourly 4 chart’s pattern is an Sell outlook.
As a result I suggest to continue operating with Selling orders, this #2-consecutive session corrective consolidation, monitoring the Bear and Bull clash / which side would prevail as I give more probabilities to the downside. I do believe that Gold may Sell every local High's towards #2,600.80 benchmark.
There is nothing more than Bullish Fundamentals to keep Bullish bias alive however all are Sold sooner or later. Due Thanksgiving holiday the Volume may decrease however I am Trading within my model and my re-Sell zones are intact.
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Closing my both orders with Profit
Gold has almost hit the #2,618.80 Support (posing as an Support on November #21 - November 28 configuration) and struggled to get past it. However unless it gives away / gets invalidated, I can't call for a continuation of a downtrend, even though the dominant Hourly 4 chart’s pattern is an Sell outlook.
As a result I suggest to continue operating with Selling orders, this #2-consecutive session corrective consolidation, monitoring the Bear and Bull clash / which side would prevail as I give more probabilities to the downside. I do believe that Gold may Sell every local High's towards #2,600.80 benchmark.
There is nothing more than Bullish Fundamentals to keep Bullish bias alive however all are Sold sooner or later. Due Thanksgiving holiday the Volume may decrease however I am Trading within my model and my re-Sell zones are intact.
(Source from: TV-By goldenBear88)