GOLD:SELL From Resistance AREA 38.2 / 50% FIBO SHORT !

Gold in the last session it's inside a sideways area or accumulation. The price is still in a strong downtrend where we can draw a Resistance area where the price can find a solid wall to stop the raising and turning again in the direction of the main trend. Between this area of resistance is where the 38.2% and 50% of Fibonacci levels are present and these can be other obstacles to the price with the presence also of the 50 Moving average. The stochastic is still close to entering into the overbought area and all these clues and our bias are about a new Push down for the bottom of the chart.

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Trade closed: target reached