TradingView
TheShredded_FX_Trader
Jan 9, 2019 9:40 AM

Gold Correction Short

GOLD / U.S. DOLLARICE

Description

Gold Daily Chart

XAUUSD fell short of breaking the weekly resistance zone
Divergence on the MACD signals possible short trade which would indicate a small correction within the bigger market structure. Price should drop to the 50 support zone where there will either be a bounce for a continuation to the upside or continue to drop to the Fibb levels.
More