YM.Chong
Short

Bearish Tone For Gold Price??

FX:XAUUSD   Gold Spot / U.S. Dollar
329 2 3
Immediate support levels could be monitor closely for Gold             Price 1114 and 1110.

A broken of support level , 1110 may lead the gold             market to 1080.

MACD showed potential bearish signal and RSI drop below 50, a broken of fibo retracement (0.618) under 1,114 may adding further catalyst for downward movement, Fed interest hike meeting on the way, sound bearish for gold             price?

Good luck and happy trading to all traders :)

You've given this chart a "short" bias; what would your invalidation level be?
Reply
YM.Chong ninjabenja
Hi ninjabenja, thank you for your comment, appreciate it, my invalidation level will be $1142.
+1 Reply
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