GOLD: Deep retracement for GOLD , some Resistance Ahead | SHORT

9 thg 8, 2022

The GOLD in the last session seems to take power ( appreciation ) with a deep retracement now around the 50 and 61% Fibo where the price will find 2 obstacles: the 1800 round number Resistance and the Resistance Zone works in the past like support and may works now like resistance ( White Rectangle ) . It's definitely too soon to say about a change of trend in this commodity, cause the price is still Under the 200 Moving average, and the RSI and Stochastic Indicators between Divergences and overbought don't look in favor of a Long trend Push. Not Last the Forecast of Ichimoku is still Bearish.
What do you think about it?

9 thg 8, 2022

Ghi chú