GOLD - The Big Short

OANDA:XAUUSD   Gold Spot / U.S. Dollar

If the hourly trend line is broken to the downside, then there will be a short opportunity

Weekly RSI overbought
Key resistance that has held since July 2014 @ 1350
Possible there will be an exhaustion push to around 1340-1350 off the trend line .
TP 1 - 1320
TP2 - 1315

However, a break of 1400 will mean an upside target of 1550
Trade closed: target reached: Setup has played out to the absolute T

Both TP's hit and more...

Gold should now melt over the coming weeks.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out