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MarcellusLUX

100 Day EMA continues to trouble the Gold bulls, more drop?

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
MarcellusLUX  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis XAUUSD xauusdshort xauusdanalysis xauusdupdates Gold goldtrading goldidea goldanalysis
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trendanalysis chartpattern beyondta xauusd xauusdshort xauusdanalysis xauusdupdates gold goldtrading goldidea goldanalysis
The 100 day EMA at 1788 has been troubling the Gold bulls.
Price has not broken out of the elliptical area that I have marked in the chart.

A small sell at 1779-1785 with SL above 1795 and TP at 1750 could be a good
option in case price continues to show bearishness in the dynamic resistance area
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