Slyshady12

GOLD sell from 4h

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
clean rejection from the trendline that acted like the resistance and a clear loss In bullish momentum with multiple rejection candles as we can see from our chart.Price is also over bought from the the RSI as price clearly rejects the 80 level when using the 14 period from our RSI which gives a clear rejection in the corner. I'm bearish on gold for now.
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.