VladimirRibakov

Gold Short Term Forecast

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
H4 - Bearish trend pattern, bearish hidden divergence.

Price has currently reached a strong resistance zone formed by the 1600 psychological level, 200 moving averages and the 161.8% fibonacci expanasion level of the first wave we have.

H1 - Bearish divergence, until the sell zone shown in the chart holds my short term view remains bearish here.

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