1. Technical analyze:
The price is in the bottom of Long term and short term DOWNtrend channels and it's reasonable to growth.
2. News:
The Price is in DOWNtrend channel and economic news indicates that gold prices are falling.
What ever you Chose Long Or chose Short Position DO NOT expect much profit
According to the Previous prediction, Price Chose the news direction and fell down.
The price is in the bottom of Long term and short term DOWNtrend channels and it's reasonable to growth.
2. News:
The Price is in DOWNtrend channel and economic news indicates that gold prices are falling.
What ever you Chose Long Or chose Short Position DO NOT expect much profit
According to the Previous prediction, Price Chose the news direction and fell down.
Comment:
This Week Price is completely Move in the last Two months channel. So for next Trade wait to be sure that Price break the top of the channel or not. the Last Candle is not so strong.
