GOLD:Price in Resistance Area - Ready to Drop again SHORT

Aug 5, 2022

As explained yesterday, the GOLD started ( yesterday ) with a Bullish candle until re-entering the price inside the Resistance zone between 1780 - 1800 where the price in the past used this area like support and resistance to rebound. This Area of the price it's also the 50 - 61.8% Fibonacci, where our bias is for a new Drop of the price around 1700.00 and over. Stochastic in overbought with divergence and Ichimoku red forecast are just other clues for our idea...