EliteTradingSignals

GOLD SELLERS WILL DOMINATE THE MARKET|SHORT

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello,Friends!

GOLD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 2020.789.

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Trade closed: target reached:
We are taking profit boys

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