Early Bear run for Gold into 12/9/2016During the Asian Market, if gold is able to break the blue barriers at 1167.40 it till continue in the red down channel. If it is able to use it as a support it can return and retest 1170 mark. if bear continues to go past the first blue, see anther blue support at 1163.40 which it had difficulty in the past. Keep you eyes on the USDJPY and USDEUR to support your plans.
safe trading.
Safeprofit
Bear gold trendExpect to see a bigger fall if bears can bring the gold price to cross the 1172 threshold marked in red line.
If somehow the bulls are able to bring it back up to 1176, it can trend up to 1180 (next resistance level).
THe odds are on your side if you are following the bear train.
Safe trading y'all~
Gold broke 1170 lets see the Bulls and Bears duke it out. The fight/focus area is the yellow box.
Bull will try their best to retake the new resistance of 1170.
Bears are gonna try to ride that momentum near the new support of ~1160, while also battling the dowwnard channel that has been alive for the past few days.
Safe trading!