GOLD:UPDATE SHORT from Resistance 50% Retest FIB | SELL SCENARIO

7 sept 2022

Just like explained yesterday, The GOLD inside a strong downtrend, after the retest of the Dynamic trendline in confluence with 61.8% Fibo, the price had a strong Push down in the direction of the main trend. We opened a position at 1760.00 after all our confirmation and as you can see the RSI and the Stochastic present a Divergence and Both are in bearish momentum. Today the price opens with a bullish candle after yesterday's local retest of 50% Fibo from the previous Local Swing but, all our clues talk about a new SELL as a confirmation of the weakness of the metal.

8 sept 2022

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Update