Mon, 23 Nov 2015 14:01:10 GMT
XAU/USD 1H Chart: Channel Down
Gold is setting eye on the November 18 low at 1,064 and bears are in a good position to push the price considerably downwards. A drop below the mentioned level will be more difficult to achieve, taking into consideration a dense demand at 1,062/61, which consists of weekly S1 and daily S3. Long-term bearish goal is located at 1,055, represented