Gold is seasonally bearish into late December. The recent short term rally stopped below two very close Fibonacci coordinates. Two coordinates very close together usually provide powerful resistance/support.
Daily Stochastic is near overbought. It's possible a short-term top could already be in place. If no, a rally into the Fibonacci resistance could be a terrific shorting opportunity.
Mark
Daily Stochastic is near overbought. It's possible a short-term top could already be in place. If no, a rally into the Fibonacci resistance could be a terrific shorting opportunity.
Mark