Gold continued downward trend.
Almost confirmed this when gold prices can not pass the upper trendline and resistance at 1200 (former support) has a price good to short gold.
Right now the price of gold is in the pattern and we see RSI supported the gold prices may continue to fall, and likely will break the old bottom in 1160, in the long term.
Looking at EURCHF, pure technical analysis're seeing prices go in the triangle pattern is clear, the bottom edge of the triangle is a very strong support when prices are just touching bounced back strongly.
Looking at the RSI, we see a continued divergence, which supported the prices will rise even more.
However, we do not forecast prices, which react in the...