HOOPFOOD

I am still Bear on Gold

OANDA:XAUUSD   Gold Spot / U.S. Dollar
I am still bear on Gold unless we break the 1830 level..

Price once again rejected that level and now is sitting on daily support..

That may mean a drop will take a while but looking at the weekly and seeing the 233 sma (red) so far below, its likely.

The arrows are pointing to the fibs i believe can get hit

the stochastic oscillator are is showing convergence to downside.

Happy Trading
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