GOLD: SHORT from Resistance+FIBO+Dynamic Trendline | SELL
Updated
The GOLD after a Pullback on the 61.8% Fibonacci in confluence with the Resistance Area ( White rectangle ) and the dynamic trendline see the price fall down following the main trend, a bearish one. The price is still under the 200 Moving average and the Forecast Ichimoku also still Bearish. We can see the Stocastich Indicator in the Divergence and Overbought area and the RSI already tuned Bearish after several DIveregences. All the clues don't look for a restart of the price to growing but for a continuation of the bearish trend.Possible ABCD Pattern , where we already set our Take profit.
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