GOLD:SELL From 61.8% FIBO AB=CD Pattern Resistance SHORT Setup
GOLD yesterday followed exactly our idea with a new push-down in the direction of the main trend. The price after a pullback on the 61.8% FIBO area in confluence with the Resistance Level at 1660 and the dynamic trend line, had a strong rejection with a Bearish Spike Candle on this confluence of details to continue its rally in the lower side of the chart. The pattern looks like an AB=CD inside a bearish channel. All these details are in favor of a downtrend continuation.
Note
✅ Our Yesterday Idea Note
✅ Today price continue to falling down...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.