GOLD !! Expecting to move Down
Yo traders,
Gold broke through the triangle pattern and slid down in a big move.
Price has now corrected upto the resistance which is also between the 61.8% - 50% FiB level from the last swing.
If you look at the 1HRTF you will also find divergence on the RSI.
Looking for break of the trendline before going short on gold
Lets wait and watch
Thanks
Madtradex
Gold broke through the triangle pattern and slid down in a big move.
Price has now corrected upto the resistance which is also between the 61.8% - 50% FiB level from the last swing.
If you look at the 1HRTF you will also find divergence on the RSI.
Looking for break of the trendline before going short on gold
Lets wait and watch
Thanks
Madtradex
Note
Moved down as expected. small correction in place presently
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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.