FOREXN1

GOLD: SHORT from dynamic Resistance - Price will fall. SELL

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The Gold yesterday close the day with a Bullish candle that let breathe the market after a row of bearish candles. The possible scenario can be a retracement until the 20 Moving average and using this last one like a Dynamic resistance before the price continues to follow the Main trend. Stochastic and RSI are still both in a bearish scenario, especially the Stochastic that seems to be ready to drop from the Overbought Area.

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