We see gold is in a down trend since few months.
After the break of support at around 1301.00 - 1306.00 in the beginning of October we are now retracing back to that level. This is also 618 retracement.
Price is now around 1304 and making a double top on the smaller timeframe.
Also RSI is overbought.
I'm selling ...
I have placed a limit sell trade at 1.5186 for FX:EURAUD
- Strong resistance down trend on the daily timeframe
- Structure around that level
- RSI on the daily chart moving almost to overbought