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EliteTradingSignals

GOLD SHORT FROM RESISTANCE

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
EliteTradingSignals Aktualisiert   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Gold short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2058.254 area.

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Kommentar:
We are seeing a good move already so we will keep the trade running!
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