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CommodityTrader2

Gold bearish pattern forming in 4Hr Chart

Short
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
CommodityTrader2  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
Gold has to break a high of 2012 if it has to further up, most unlikely in current scenario. Also, it has break below the 1969 mark to go further down. Right now it is trying to consolidate in this ribbon range but all the economic factors and data are pointing towards economy improving and stronger USD. All this putting further pressure on Gold prices.
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