GOLD: Short from 200 MA 61.8 FIBO & Resistance Area / Trendline

16 авг. 2022 г.

Yesterday our forecast in GOLD gave good answers to our technical analysis and the price started to move again in direction of the main trend, the downtrend. Today I zoomed in on the analysis in the 8H timeframe to see how the price had a rejected on the 200 Moving average in confluence with the Fibo Level 61.8 and the resistance area ( White rectangle ). The stochastic showed a divergence in overbought and the RSI turned bearish already. Our Bias remains strongly bearish.

16 авг. 2022 г.

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16 авг. 2022 г.

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