GOLD - short term correction

Why short?
- Gold reached ATH (5y maximum)
- Met huge sell volume at the top
- RSI=87=oversold - the highest since Jan 2018
- Support at $1400 - mirror level - failed


What to keep an eye on:
- Backtesting the blue channel
- Backtesting 50 RSI
- Fibo 0.5 = support?
- Test 1400 from the bottom
- DXY(cash rate)
- Iran-USA, USA-Korea talks


What I will do:
- short for now
- once I see the strength again I will be a bull
- post another chart once the situation develops

การซื้อขายยังคงดำเนินอยู่:

The channel became the good support.
I am expecting that it fails the test from the top from the third try and the price will test the previous highs at 1368 and 1343.