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traust

Gold buy the pullback, sell the top

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
traust Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Technical Indicators
3
0
trendanalysis indicator
pullback now to around 1275 then a continuation and fakeout of trend line before drop to long term supports 1 and 2.

RSI has diverged and has more room for cycle high after the pullback. Look to RSI to confirm top
Comment:
slightly higher than expected... however here at 1299 could be a good short with SL at 1305 and TP1 1275 TP2 1266 TP3 1250
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