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VladimirRibakov

Gold Short Term Forecast

Corto
CFDs sobre oro (USD/OZ) (TVC:GOLD)  
VladimirRibakov  
TVC:GOLD   CFDs sobre oro (USD/OZ)
Trend Analysis Multiple Time Frame Analysis Trend Lines Gold short forecast SELL Bearish Patterns range Support and Resistance bearishdivergence
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trendanalysis mtfa trendline gold short forecast sell bearish range supportandresistance bearishdivergence
D1 - On the daily chart the price respected the resistance zone and is holding below it. Bearish divergence.

H4 - On the H4 chart the price is moving inside a range.

While measuring the first wave we have with the fibonacci expansion tool the 61.8% (1750.62) fibonacci expansion level coincides with the top of the range which makes this area a key resistance zone for us.

Until this key resistance zone holds my short term view remains bearish here.
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