Gold - US Dollar Analysis on the daily chart 11.12.2018
Down trend - prices are below EMA200
Weak Trend - price stopped retesting EMA20 and EMA50
Ranging Market
Magnitude of impulse is larger compared to the previous
Cuts through the resistance level last friday, retesting today, 11/12/2018
Price is below the support level on the weekly chart
Stochastic on the weekly chart is crossed to the downside out of the overbought level - 70
Recommendations: Sell 1210.0431
SL: 1221.782 Above the resistance area
TP: 1183.039 Before hitting another resistance level
Risk and Reward Ratio: 1:2.5