GOLD:SELL From 61.8% FIBO AB=CD Pattern Resistance SHORT Setup
Updated
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 61.8% FIBO area in confluence with the Resistance Level at 1660 and 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. The pattern looks like an AB=CD inside a bearish channel. All these details are in favor of a downtrend continuation.
Note
✅ Our Yesterday Idea Note
✅ Today price continue to falling down...
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
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