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tomstewy

XAUUSD - Time to cool off?

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
tomstewy  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Trend Analysis Fundamental Analysis XAUUSD xaugbp XAU USD Gold goldtrading goldanalysis goldanalysisi
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chartpattern trendanalysis fundamental xauusd xaugbp xau usd gold goldtrading goldanalysis goldanalysisi
XAUUSD has enjoyed trading above the 1700 figure for a considerable amount of time. I anticipate price will move back into the 1500's.

Price has similar price action.

The daily moving averages remain in a bearish cross.

Commercial shorts on gold futures are aimed to weigh the precious metal down, as manufacturers look for cheaper gold prices.
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