Based on current trends and using the hourly chart, Gold will go into a short sell.
Entry: 1797.00
Targets: 1793.00 | 1788.00
Support: 1785.00
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Here we have our Gold chart..
Lack of market sentiment is causing sideways movement across assets. we are slowly approaching some Resistance for Shorts likely to be intraday.
Short lightly on current sentiment.
Hi Traders,
See above short opportunity as gold rests on 786 FIB as well as order block after having filled the liquidity gap from previous impulse.
We have the RSI maxed out as well as a touch of the rising wedge upper trend line.
We have also extended from the EMA and MA to show a possible reversal to come.
We have formed an AB=CD pattern ending at 1877...
