GodziBear

Gold pattern at short term

FX:XAUUSD   Gold Spot / U.S. Dollar
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The gold is trigged into downside channel since July 2016. But the down side channel is very close to reached the long term major blue uptrend support and if gold broke this strong trend support, that will mean that futur down weak is probable. But gold could surprise us and rebond on the short term orange support or the long term major blue uptrend support. As we can see, many scenario are possible. By my own experience we should see the SCTR's indicator (Stock Chart Technical Rank that I build, inspired by John Murphy) broke 50 with strong to see a real break-out of this down side channel.
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