Short Term Bearish. Long Term BULLISH

FX:XAUUSD   Gold Spot / U.S. Dollar
2nd of December, anticipating a FED hike rate to come in play this month, price is being drove lower as you can see since Trump has been elected the New president of USA. The yields were flat and as of late we have seen a curve forming on the yields to imply a boost in economy. Looking for Gold to be bearish short term down to the 1125-1107 range i have marked out on the chart. Once price reaches that level we should see a reversal to indicate a long term BULLISH movement higher.


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