GOLD:Technical Analysis Setup for a new PUSH-DOWN. SELL

5 Sep 2022

The Gold, always inside a strong downtrend, on Friday session after had a small pullback visible in H4 timeframe ( check in the attached image below in the description ) touching the 38.2% Fibo continuation level and today, Looking at the main scenario, we can see the price still under pressure from the bears, the RSI continues to be in Bearish side and the Stochastic in a way to drop more it value. The value of GOLD is under the major moving averages, the 200 and the 50 and What we are looking for is a new Push-Down in the direction of the main trend. The Position opened at 1760.00 still in profit and we looking forward to reaching ur take profit.

5 Sep 2022

Nota

✅ Actually Pullback in H4 Timeframe