xFlyxng

XAUUSD - Very Overbought

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
As I predicted a few days ago, gold has moved up immensly. Now, it appears to be very overbought, which means that, sooner or later, the buyers will get rejected and most probably a huge downtrend to the 1412 support level will occur. Happy trading!
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