GOLD !! Expecting to move Down

Yo traders,

Gold broke through the triangle pattern and slid down in a big move.

Price has now corrected upto the resistance which is also between the 61.8% - 50% FiB level from the last swing.

If you look at the 1HRTF you will also find divergence on the RSI.

Looking for break of the trendline before going short on gold

Lets wait and watch

Thanks
Madtradex

Commentaire:

Moved down as expected. small correction in place presently