黃金現貨 / 美元
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Gold is facing bearish pressure, potetial for further drop

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We caught the reversal nicely from our first resistance and remain bearish below our first resistance, in line with our horizontal pullback resistance, 61.8% fibonacci retracement and 78.6% fibonacci extension, where we could see a further reversal below this level. We do caution our intermediate support at 1896.63 and would need to see a break below this level to trigger a further drop to our first support target. Stochastic is facing bearish pressure from our resistance as well.

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