Potential short on Gold, GC

24 Eyl 2020

Hello trading fam! Gold is under some bearish pressure to head towards the golden zone of 61.8% in the Fibonacci extension. It might pull back before heading there however, and we see some resistance at the 1864 to 1874 band on the 4H chart. The Ichimoku cloud and the 50 SMA also support this assessment.

I always welcome feedback and engagement. Thanks in advance. Enjoy your trading!