Gold is on the verge of a correction to the downside if indeed the rice respects the descending wedge’s and the interim channel’s laws of  gravity. Bulls would need  still to  close above 1298 to negate the bearish bias although  a test of 1302.80 and a close above 1303.20 would be preferable to buy into.  On the downside, below 1278 and then 1275 guard  a run down to test the 1266 lows again ahead of where 200-DMA meets that 50% Fibo down at 1254. A breakdown there opens the 61.8% Fibo target at 1231 which meets the mid-Dec lows/Oct resistance.  Daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Pres. Trump: US will not back down until China stops cheating our workers FX Street 3 years  Gold is on the verge of a correction to the downside if indeed the rice respects the descending wedge's and the interim channel's laws of  gravity. Bulls would need  still to  close above 1298 to negate the bearish bias although  a test of 1302.80 and a close above 1303.20 would be preferable to buy into.  On the downside, below 1278 and then 1275 guard  a run down to test the 1266 lows again ahead of where 200-DMA meets that 50% Fibo down at 1254. A breakdown there opens the 61.8% Fibo target at 1231 which meets the mid-Dec… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
