GOLD:Short From 61.% Fibo Resistance Plus Trendline-ABCD? SHORT!
Updated
As predicted yesterday the price continue to drop after a Pullback on 61.8% Fibonacci pulse the Dynamic trendline and Resistance Area. Today we can see also the 50 Moving average Cross under the 200 ones ( also bearish ) and the pattern is a classic Swing trading setup. Possible completion of ABCD Fibo Pattern. Stochastic and RSI in Divergence With a Bearish scenario. All these clues continue to make our Idea Bearish in the long term.
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