Well, on the last trading day of Nov, lets check pairs on monthly chart to find out more clues.
On this monthly chart of GOLD , we could see a very high possibility for gold to retrace down to 1375 from now to the first few months of 2020.
The blue zone has changed from resistance zone to support zone . C position is seemed as the end of ABC wave and also a very possible monthly channel refection point.
GOOD LUCK!!!
Comment
⋅
The sideways movement on monthly has not finished yet. Now we are still worry about the trend will send gold up to 1560 again.