GOLD - BEARISH RSI DIVERGENCE | TRENDLINE TEST + 61.8% FIBONACCI

٤ يناير ٢٠٢١

• Gold has broken out of the descending channel and reached the first major resistance zone
  
• Given the bearish RSI divergence on the 30min chart and the divergence, there is a reasonable case to open a short position
  
• Target will be the 61.8% fibonacci retracement which forms confluence with the 4H ascending trend-line
  

٦ يناير ٢٠٢١

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