GOLD ( SHORT - TERM )

٢٤ نوفمبر ٢٠٢٠

Gold went down to demand level as expected, however did not retraced past Fib(0.236) which means that the selling pressure is still on.

Expecting price to go sideways from here for awhile after bouncing off MA(200) on the daily chart.

Direction of trend should be clearer after upcoming high impact USD news.