Gold Spot definition moment

Hello, Traders!
Monfex is at your service and today we overview XAU/USD.

Gold under the MA100 and have resistance line of the descending channel. Breakdown of MA200 will be a strong signal to sell.
Stoch RSI is overbought.

• 
  Possibilities:
  
• 50% going to the local support zone
  
• 50% to the previos high
  
  
• The resistance zone ~ $ 1555
• The local resistance zone $ 1495-1500
• The support zone ~$ 1461-1450
• The local support zone ~ $ 1485

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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.