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Gold Spot / U.S. Dollar

Cipher structure for December

By mytrade1602
Updated
Cipher structure for December. Gold will retrace and drop again.
Comment
1160 might be the bottom. Watch closely the price action around 1177, which is on the top edge of the descending channel. Short at 1183~1185 area. Still think the 1153 area needs to be bottom to be touched for a spike up to 1216
Comment
Another Cipher pattern from around 1210 can be considered, The target is 1205, then a drop to 1153. Then this cipher from 1153 to 1216, then to 1133.
Comment
Short the pullback to 1153
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Trade closed manually
Trade closed manually
mytrade1602

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