GOLD:SELL From 61.8% FIBO from Resistance Area SHORT Setup

2 nov. 2022

Our main Idea about the GOLD remains SHORT in the long term, with the price today opening the market with a bullish candle to recover some value with our entry placed at the point 1660.000 in confluence with the 61.8% FIBO from the last Swing to see a pullback in the direction of the main trend. The stochastic is still in the overbought area and may drop in soon. The Alternative scenario will come in only if the price goes over the dynamic trendline and reach point 1690.000

2 nov. 2022

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