GOLD Sell
On Tuesday, high volume sell-off appeared on gold, as $1916 was tested twice as a resistance. The correction was 2/3 (Fibonacci) of the sell-off.
On Friday, US session started with a new bearish move with increased volume, as the subsequent correction was 1/2 (Fibonacci) of the highest volume candle.
If price breaks out the down trend line price $1990, most likely it will go down to test $1850.
On Friday, US session started with a new bearish move with increased volume, as the subsequent correction was 1/2 (Fibonacci) of the highest volume candle.
If price breaks out the down trend line price $1990, most likely it will go down to test $1850.
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