Gold Short Term Forecast
H4 - Bearish trend pattern, bearish hidden divergence.
Price has currently reached a strong resistance zone formed by the 1600 psychological level, 200 moving averages and the 161.8% fibonacci expanasion level of the first wave we have.
H1 - Bearish divergence, until the sell zone shown in the chart holds my short term view remains bearish here.
Price has currently reached a strong resistance zone formed by the 1600 psychological level, 200 moving averages and the 161.8% fibonacci expanasion level of the first wave we have.
H1 - Bearish divergence, until the sell zone shown in the chart holds my short term view remains bearish here.