GOLD ( SHORT TERM )

١٦ نوفمبر ٢٠٢٠

Could wait for clearer direction. Positive Vaccine news pushed gold price downwards due to increase in risk appetite, finding support at supply level and quickly rebounded back touching the previous trendline / MA(50/100)

Price could break out upwards bouncing on Fibo(0.236)
or
Bounce back downwards rejecting the trendline & MA(50/100) and drop back to supply level