GOLD:SELL From 50% FIBO Resistance Level Stoch+RSI OverB. SHORT
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GOLD yesterday followed exactly our idea with a new push-down in the direction of the main trend. The price after a pullback on the 50.0% FIBO area in confluence with the Resistance of the dynamic trend line, had a strong rejection with a Bearish Spike Candle on this confluence of details to continue its rally in the lower side of the chart. All these details are in favor of a downtrend continuation. The Stochastic is still at in overbought level ready to drop and the RSI is definitely turned on the bearish side.
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