Gold Spot / U.S. DollarUpdated GOLD ready for SELL OFF!!
As expected from previous analysis (see previous idea), gold is approaching sell off zone. Weekly bearish candle rejection at resistance is too strong to ignore. We might see a drop from the sell off zone.
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Sell off as expected. Daily bearish pin bar can lead to pullback next week. Due to season holiday, the market is expected to be slower. If pullback occurs, next target is fibonacci retracement 50%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.