illuminating_trade

weekly analysis for gold

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Thesedays too many investors buy buy buy gold.

This time we should turn against market's trend.

Dollar is weak. But I see the strong dollar near future.

Moving average is on the overbought line.

Also the RSI indicates that gold is super overbought.

it is time to exchange your gold to dollar.
Trade active:
trade active
Comment:
target is right on
Trade active:
sell your gold
Trade active:
short gold yellow stone
Trade closed: target reached:
I will analyze again
Trade active:
keep the bear side
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