Gold chart suggests Clinton victory…but,
The monthly chart above clearly shows repeated failure at the falling trend line resistance coupled with the monthly 50-MA topping out.
Prices failed to hold above $1301.35 (50% Fib of 2008 low - 2011 high).
The chart thus suggests a corrective move is more likely, which means Clinton victory.
However, charts could lie as markets have been reacting to Polls which are unreliable as proved by Brexit referendum earlier this year.
Trump victory could easily lead to a bullish break above the falling trend line.
Prices failed to hold above $1301.35 (50% Fib of 2008 low - 2011 high).
The chart thus suggests a corrective move is more likely, which means Clinton victory.
However, charts could lie as markets have been reacting to Polls which are unreliable as proved by Brexit referendum earlier this year.
Trump victory could easily lead to a bullish break above the falling trend line.
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