finbits
Short

Bearish RSI(3) divirgence on Gold Daily

FX:XAUUSD   Gold Spot / U.S. Dollar
40 0 0
Gold             falls from last peak near the 200 day SMA , I think next goal is near 1093 (61.8 Fibonacci level).
It confirms by few other indicators:
1. Bearish divirgence in RSI (3)
2. Bearish engulfing near the upper Bollinger Band
My recommendation is to sell with TP = 1090 and SL = 1128.
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