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FOREXN1
Aug 5, 2022 9:16 AM

GOLD:Price in Resistance Area - Ready to Drop again SHORT Short

GoldOANDA

Description

As explained yesterday, the GOLD started ( yesterday ) with a Bullish candle until re-entering the price inside the Resistance zone between 1780 - 1800 where the price in the past used this area like support and resistance to rebound. This Area of the price it's also the 50 - 61.8% Fibonacci, where our bias is for a new Drop of the price around 1700.00 and over. Stochastic in overbought with divergence and Ichimoku red forecast are just other clues for our idea...
Comments
DeGRAM
Thank you for sharing
EliteTradingSignals
Great insight;))
UnknownUnicorn15614419
I like the details that you have shared. Thanks
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