Short

GOLD: SHORT from Resistance Area, Trendline and FIBO level SELL

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As Predicted in the last two weeks, The GOLD following our analysis technical had a Pullback on 61.8% Fibonacci plus a reject from the dynamic trendline and the Resistance area in direction of the main trend and today the price finally drop over this Area of attention placing the price under the 50 and 100 moving average. Both in Stochastic than RSI the value is Bearish and with a Divergence presence. With all these clues we are looking for a new drop in the price.

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✅ INITIAL IDEA

GOLD : Spike Candle on Resistance Area 61.8 % Fibo - Bearish

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