The downtrend channel continues, so buy or sell now? for

World gold prices this morning continued to decline with spot gold down 8.8 USD to 1,968.7 USD/ounce. Gold futures last traded at 1,973.5 USD/ounce, down 15.1 USD compared to yesterday morning's gold. The strong recovery of the USD in the evening trading session of November 7 took away the appeal of gold for buyers holding other currencies. Investors are currently waiting for a series of speeches from US Federal Reserve (Fed) officials this week, the most important of which is Fed Chairman …