Michelok

Possible route for Gold?

Michelok Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is morphing in a nice trading range. It also overbought on many timeframes. So hereby a nice trade idea ;).
Comment:
Not gonna happen :(. Maybe it heads to 1120 area but i think it can hold at 1180 since there is a supportline. If dollar goes further up Gold we too eventually i guess. So no trade for now for me.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.