Gold Spot / U.S. Dollar

Short

GOLD:SELL From 50% FIBO Resistance 200 SMA DIV. Overbought SHORT

Updated

The GOLD in the Last sessions, is struggling in the Fibo 50% - 61.8% Area where a confluence of Resistance by the dynamic 200 Moving average plus the static 1727.85 stops the price to make its retracement deeper. The Ichimoku forecast is still Bearish and both in the Stochastic and RSI it presents a divergence and overbought area. Our Forecast remains strongly bearish.

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GOLD:SELL From 50% FIBO Level on Resistance Area SHORT Setup

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