Short Gold position

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Gold is going to break the resistance of 1930 -1960 - 1990 zone , however, it is more likely to fall as RSI shows oversold on the Daily chart and Weekly chart scenarios,
MACD & Moving Moving average kissing each other , Most of the retailers are short over $1900, only SL hunt will begin and to 1990 and then it will fall as hedge funds and Market like china will start to sell.
XAUUSD

٩ مارس ٢٠٢٣

ملاحظة

Expecting to retrace a bit until 1880 and then start its fall to 1750 - 1680 range , RSI on 4 hours are at lower than 25, expected to retract before start next downfall .