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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT

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Ouro/Dólar Americano (OANDA:XAUUSD)  
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OANDA:XAUUSD   Ouro/Dólar Americano
Trend Analysis Chart Patterns Wave Analysis Gold short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

GOLD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1927.660 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.

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