GOLD HITS THE RESISTANCE - EXPECT BEARISH MOVEMENT
Gold has risen steadily retracing back to the recently broken support.
This resistance level happens to be 61.8 fib level and also the trendline resistance.
From my previous analysis, this was my target selling zone and I'll be looking for entries in a lower timeframe.
The bearish divergence on technical indicators reinforces my sell bias.
This resistance level happens to be 61.8 fib level and also the trendline resistance.
From my previous analysis, this was my target selling zone and I'll be looking for entries in a lower timeframe.
The bearish divergence on technical indicators reinforces my sell bias.
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