jannispo
Short

Gold overbought

FX:XAUUSD   Gold Spot / U.S. Dollar
141 1 6
Gold             is overbought and there is a resistance in the next few pips. Probability of a retrace i quite good. I marked the Fib levels that I´d like to watch.
its too bullish and doesnt look like it will retrace. this rally is a classic sign of herd mentality, so over bought, no fundamentals.
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