CFD Oro (US$/OZ)
Short

GOLD SELL straight to HELL!! Weekly, Daily, 2hr

269
istantanea
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Gold Thesis

Weekly: Gold is still overbought and is expected to recover anytime soon. Strong rejections off $1535 zone signalling sellers could be ready to push market lower.

Daily: Market structure on daily timeframe is now bearish after clean break below $1535. Huge sell off down to $1494 is expected for Gold.

1hr: Gold has broken below $1535, Now waiting for a retest of this level but in confluence with mathematical ratios (Fibonacci) before looking to sell off to $1494. Also break of ascending trendline meaning a change in momentum from bullish to bearish.

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