GOLD: SHORT from dynamic Resistance - Price will fall. SELL

24 Ağu 2022

The Gold yesterday close the day with a Bullish candle that let breathe the market after a row of bearish candles. The possible scenario can be a retracement until the 20 Moving average and using this last one like a Dynamic resistance before the price continues to follow the Main trend. Stochastic and RSI are still both in a bearish scenario, especially the Stochastic that seems to be ready to drop from the Overbought Area.