YM.Chong
Short

Cypher Pattern for Gold?

FX:XAUUSD   Gold Spot / U.S. Dollar
62 0 0
A potential cypher pattern could be form for Gold             .

RSI dropped below 50 and MACD potentially showed a bearish cross signal for gold             price.

1100 could be a crucial price level to be monitor closely to provide us confirmation of the cypher pattern .

Thus, it's time to short for XAU/USD?

I would appreciate it if you give me some feedback on this technical view. Happy Trading :)
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