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Madtradex

GOLD !! Expecting to move Down

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Madtradex Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Triangle Fibonacci Forex forexsignals forextrading forexanalysis forextradingzones Gold
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chartpattern triangle fibonacci forex forexsignals forextrading forexanalysis forextradingzones gold
Yo traders,

Gold broke through the triangle pattern and slid down in a big move.

Price has now corrected upto the resistance which is also between the 61.8% - 50% FiB level from the last swing.

If you look at the 1HRTF you will also find divergence on the RSI.

Looking for break of the trendline before going short on gold

Lets wait and watch

Thanks
Madtradex
Comment:
Moved down as expected. small correction in place presently
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