Description
⋅ Here we have a full analysis of XAUUSD. Make sure to like/follow for more of my analysis I post daily.
We are Short on the XAUUSD, Why?
Firstly price has been driven up yesterday after US inflation numbers.
We are coming up to previous highs and we have smashed through our previous resistance levels, which we are looking to return to.
As you can see we are Way off the MA's and price is very high. Our Stochastic oscillator is at Overbought way high up too.
After all the green candles has to come some red. This is because we buy low and sell HIGH>