GOLD, inside the equidistant channel!

gold 08.12.

After incredible gold turnover on Monday, December 01. gold is trying to consolidate between 1210 and 1180. We can see that after the ‘Swiss gold referendum fall’, gold has formed the equidistant channel by hiting the support level at 1146/48, level I mentioned for several times here. That level showed us were the strong buyers are and 1178/80 we can see as an relevant support level as well, but on the upper side there is several resistance levels and down trendlines. Gold don’t look bullish in the last couple of days ecxclude today and furder decline to support 1180 is possible, but let’s see how will this levels and trendlines works in the next several days!?

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