FOREXN1

GOLD: positive opening day - Several clues for a SHORT !

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The Gold, yesterday after a first rebound on the 50% Fibo , today the price seems take potency and start the journey with +1% . Anyway , Our Area of attention is between the 50% and the 61.8% Fibonacci , the same area where the price,in the past, used like support and resistance.
The price is Below the 200 Sma and the Stochastic is already in Overbought with divergence. Also the Ichimoku forecast remains RED.

We think about the price will reach the 61.8% Fibo before pullback in direction of the main-trend.

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