Gold should drop below 1450$ Soon – XAUUSD SELL Daily
Gold / U.S. Dollar FOREXCOM:XAUUSD
Gold is currently facing selling pressure on the Daily and Weekly timeframe . XAUUSD had lost 21MA and 50MA support on daily. There is death cross formation on the daily timeframe – (21MA crossover below 50MA).
MACD is currently bearish , indicating – bearish continuation.
Support levels: 1437$,1452$
Resistance levels: 1500$,1511$