GOLD TO CORRECT SHORT TERM
No Gold related trades until price reacts around the 23.6 Fib level on the weekly.
Short term Bearish because:
1. Price has closed below R3 Pivot on the Weekly printed to the 6th of Jan
2. Price has 21 MA as resistance on the Weekly
3. Bearish retest of descending triangle in play on the Daily
Short term Bearish because:
1. Price has closed below R3 Pivot on the Weekly printed to the 6th of Jan
2. Price has 21 MA as resistance on the Weekly
3. Bearish retest of descending triangle in play on the Daily