Gold is seasonally bearish into late December. The recent short term rally stopped below two very close Fibonacci coordinates. Two coordinates very close together usually provide powerful resistance/support.
Daily Stochastic is near overbought. It's possible a short-term top could already be in place. If no, a rally into the Fibonacci resistance could be a terrific shorting opportunity.
Mark
Daily Stochastic is near overbought. It's possible a short-term top could already be in place. If no, a rally into the Fibonacci resistance could be a terrific shorting opportunity.
Mark
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.