EliteTradingSignals

GOLD SHORT FROM RESISTANCE

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello,Friends!

We are going short on the GOLD with the target of 2349.654 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.

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Trade closed: target reached:
TP hit now!

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