edgarh132
Short

Gold Is Maintaining Bearish

FX:XAUUSD   Gold Spot / U.S. Dollar
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5
Gold is in a long term range which is creating lower highs in the weekly time frame. The trend at the moment is coming down from the supply zone at the price 1344. For that it influences me to maintaining on a bearish side, at the moment i being rejected at previous support now being resistance and also sitting at the 50% fib level. Also broke of the support line and retested. Short term TP would be 1250s area. Any question feel free to comment.

Comments

true if 1283 won't be broken.
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