Are we before a serious price correction for the #gold#XAUUSD
The gold at a resistance line of Fibonacci 0.78, although this resistance line can be broken, it should be taken into account that this does not happen easily.
The Stochastic crosses a landline and is above the 80 line, the previous 2 times the gold was in this area (80) the gold fell on average 200 points.
The RSI has risen to 75 points, which is usually indicative of Overbought and a marked trend change
Our recommendation is= sell
Target: 1600
The Stochastic crosses a landline and is above the 80 line, the previous 2 times the gold was in this area (80) the gold fell on average 200 points.
The RSI has risen to 75 points, which is usually indicative of Overbought and a marked trend change
Our recommendation is= sell
Target: 1600