XAU/USD Short Swing Trade

Close below 1D 5SMA opens the door for the opening of short position. Based on the divergences on MACD and RSI daily, slowing momentum and oversold conditions on weekly, considering reversal candles and weekly DOJI to the longer term trend line shorter term pullback to 2700-2624 is in play. It will be interesting to watch important SMA levels and Fibbo lines in red as this can develop to very interesing swing trade. COT favors shorts. This is trade against common seasonal trends.