Gold should drop below 1450$ Soon – XAUUSD SELL Daily

Gold / U.S. Dollar FOREXCOM:XAUUSD

HiteshMalviya

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$,1511$

Trade Signal:

SHORT

Entries: 1490-1510$
Exit: 1440-1460$
STOP: 1520$

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