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CSTrading

The correction for Gold might be over. Opportunity to go short.

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
CSTrading  
FX:XAUUSD   Gold Spot / U.S. Dollar
Beyond Technical Analysis
7
6
beyondta
The ascending move for Gold was too aggressive and too fast. However, there are no reasons to grow for the Gold just yet. VIX is going down, stocks are soaring, so there's no real market fear, which is one of the main drivers for Gold. All these factors may tell us that Gold may be seriously overbought right now with the nice opportunity to go short.
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