Cipher structure for December

FX:XAUUSD   黄金/美元
109 0 8
Cipher structure for December. Gold             will retrace and drop again.
评论: 1160 might be the bottom. Watch closely the price action around 1177, which is on the top edge of the descending channel. Short at 1183~1185 area. Still think the 1153 area needs to be bottom to be touched for a spike up to 1216
评论: Another Cipher pattern from around 1210 can be considered, The target is 1205, then a drop to 1153. Then this cipher from 1153 to 1216, then to 1133.
评论: Short the pullback to 1153