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EverestFortuneGroup

Gold is facing bearish pressure, potential for further drop!

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
EverestFortuneGroup  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD XAU USD
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trendanalysis harmonicpatterns chartpattern xauusd xau usd
Price is facing bearish pressure from our first resistance, in line with our 100% fibonacci extension, 23.6% fibonacci retracement and horizontal pullback resistance where we could see a further drop below this level. Ichiomku cloud and 20 period EMA are showing signs of bearish pressure as well.
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