MarcellusLUX

100 Day EMA continues to trouble the Gold bulls, more drop?

OANDA:XAUUSD   黄金现货/美元
The 100 day EMA at 1788 has been troubling the Gold bulls.
Price has not broken out of the elliptical area that I have marked in the chart.

A small sell at 1779-1785 with SL above 1795 and TP at 1750 could be a good
option in case price continues to show bearishness in the dynamic resistance area
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