Gold 08.12.2019 – Completed ABC downward correction, re-load long positions

Gold has been trading upwards in past 5 hours and in my opinion there is a completion of the abc downward correction. Support at the price of $1.487 held successfully, which is good sign for higher price. Orange horizontal lines: Resistance levels ($1.510-$1.520) Red lines – Broken bullish flag Green rectangle – Key support zone […]