Technical Analysis of USD CNY

For Traders Forex Analysis Technical analysis 04.12.202014:30 Forex Analysis & Reviews: Analysis of Gold for December 04,.2020 - Potential completion of the bigger ABC correction with target at $1.960 Relevance up to 12:00 2020-12-07 UTC+00 China policymakers reportedly comf...

The Gold price made a short-term spike above $1,200 but price soon after pulled back as expected towards $1,190. The price has broken out and below of the short-term bullish channel and is now pulling back. We cannot say confidently if a major low is in or this bounce was part of the larger decline ...

Gold price has broken short-term resistance and could give us a short-term bounce towards $1,190-$1,200 as long as the price is above $1,170. Trend remains bearish as long as the price is below $1,210.Black lines - wedge patternGold price remains below the Ichimoku cloud and inside the wedge pattern...