Gold Bearish Rejection from the Top

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Gold is currently moving down. I had a perfect sell from the top which is running in profits.

As the price is breaking below the MAs and 78.6 Fibonacci we could see a support. If you see the daily chart, you might notice a potential head and shoulders emerging pattern. Watch for a rejection at the blue level 1788. If the market doesn’t hold 1788 then get ready for 1750.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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