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IAmUnchained

Short GOLD

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
IAmUnchained  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Parallel Channel
7
0
trendanalysis parallelchannel
The Weekly Chart Parallel Channel holds consistent resistance and support lines. The 4-hours chart supports that difficulty of GOLD to break the upper resistance. The RSI also shows overbought condition which supports that theory.
Therefore, we have decided to SHORT Gold.
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