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mleader1

going down slightly for a small correction

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
mleader1 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Fibonacci Trend Lines XAUUSD xauusdshort Gold goldshort
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fibonacci trendline xauusd xauusdshort gold goldshort
Gold recovered near 0.5 fib from June high, besides of daily chart, all lower charts RSI now are near oversold. I expect the price to start falling slightly for a simple correction before another rally.

The SL is slightly above daily MA, and TP target at near 1805.
Comment:
I meant overbought :D srry and thx for pointing out
Comment:
TP. It's Friday, It may go down further, but let's play safe. GL
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