Until tonight (my time) when I make this posting, gold is still playing between my green path.
It seems that gold can't go lower this whole day and beginning to strengthen a bit.
Although yesterday it tried to break the green path support, but it went back in the same 4 hours candle and make a higher low in the following candles. I think gold is making a new support line (the purple line).
If gold can stay above the purple line until this week closing market, I think this is the lowest area gold can go down.
Actually I'm thinking that it is making a new sideways at this moment between my purple support and my lower yellow line (faded arrow). The most is the sideways between the purple and the white line. At least until NFP tomorrow.
Yes, there's a big chance of high volatility when NFP announced on Friday.
So, strict to the MM and trade well....
GG - 2012.12.06
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