Gold prices have stabilized in November after falling from the July-high of 1345 to a fresh low on the year at 1130. When we look at the 4H chart, we can see that since rebounding from 1130, gold has been trading in a rising channel.When we look at the technical development in the 4H chart, we can also say that gold is at the crossroad. First of all, it has formed a price bottom, where the 1175 level was a key resistance that was broken. After forming the base, gold rallied to 1204.65 where it respected the 200-period simple moving average and retreated. On the retreat gold showed respect to the 100-, and ... (full story)