GOLD:UPDATE SHORT from Resistance 50% Retest FIB | SELL SCENARIO for OANDA:XAUUSD by FOREXN1

GOLD:UPDATE SHORT from Resistance 50% Retest FIB | SELL SCENARIO

Just like explained yesterday, The GOLD inside a strong downtrend, after the retest of the Dynamic trendline in confluence with 61.8% Fibo, the price had a strong Push down in the direction of the main trend. We opened a position at 1760.00 after all our confirmation and as you can see the RSI and the Stochastic present a Divergence and Both are in bearish momentum. Today the price opens with a bullish candle after yesterday's local retest of 50% Fibo from the previous Local Swing but, all our clues talk about a new SELL as a confirmation of the weakness of the metal.

Note

Update

GOLD:Pullback on Resistance 1730 50% FIBO 50 MA - LONG

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