UGTraders

GOLD - Wait for a while!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold really flied out in the up direction the last days, currently gold still have a lot of momentum into the up direction. it's too early to say when exactly Gold would have a correction or reversal.

My current analysis suggests that Gold will stay for a while in up-slippage direction until it distribute the current momentum.

So waiting for a while...

To be updated....
Comment: Short-term trend update..

Comment: The time was a little bit delayed

Trade closed: target reached
Comment: still the long-term trend (in pink) works !! slight up-slippage
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