GOLD: SHORT FROM RESISTANCE AREA + 61.8% FIBO+ 200 SMA | SELL
Like Explained in the previous Idea about GOLD
Today we Analyze the GOLD chart from the 8H timeframe for a better zoom of the situation. The price after a Deep Pullback, touched and reject the 61.8% Fibo area of resistance ( White rectangle ) around 1800.00 and, as we can see the price seems ready to revert its bullish momentum in favor of the Main trend, the Bearish one.The price also feel the 200 SMA in this timeframe like a dynamic resistance to not go over. The RSI is still in overbought with divergences, Ichimoku also in this timeframe gives a Bearish forecast and our clues continue to be for a Bearish setup.
Today we Analyze the GOLD chart from the 8H timeframe for a better zoom of the situation. The price after a Deep Pullback, touched and reject the 61.8% Fibo area of resistance ( White rectangle ) around 1800.00 and, as we can see the price seems ready to revert its bullish momentum in favor of the Main trend, the Bearish one.The price also feel the 200 SMA in this timeframe like a dynamic resistance to not go over. The RSI is still in overbought with divergences, Ichimoku also in this timeframe gives a Bearish forecast and our clues continue to be for a Bearish setup.
Nota
NEW UPDATE 
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Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.